“We continue to get a lot of inquiries making closer to the completion of the data centers, we will even get more,” PLDT and Smart president and CEO, Alfredo S. Panlilio said.
Construction of PLDT’s 11th Data Center in Sta. Rosa, Laguna is ongoing. According to PLDT, Vitro Sta. Rosa “is set to be the Philippines’ largest data center campus, strengthening further PLDT’s foothold as PH’s leading data center provider.”
Panlilio said they are focusing on the completion of the Vitro Sta. Rosa. “We wanna make sure we are ahead of demand, that’s why we make sure completion is done in due time.”
Panlilio made the statement in reaction to a media query if PLDT has plans of selling a minority stake in their data center assets. He confirmed they are currently reviewing such a plan but have not come up with a decision. “At this point, we are busy with the completion of the data centers we should also take a look at the 12th depending on the demand that we’re seeing from customers and hyper scalers,” he said.
While PLDT is focusing on the completion of Vitro Sta. Rosa data center, the company, and its financial advisers had discussed the idea of bringing in new investors.
“We have just conducted an exploratory discussion with the feeling out what the market has to offer but we have not started the process,” Panlilio said.
PLDT embarked on data center capacity expansion in support of the government’s digitalization agenda.
Meanwhile, ePLDT president and CEO, Victor Genuino said PLDT’s Vitro data center network is ready to serve local and global hyper scalers. “We continue to enhance our competency and capabilities in the cloud and cybersecurity space to better serve the ICT needs of our customers, now and in the future,” he said.
In its Full Year 2022 Financial and Operating Results presentation on March 23, PLDT reported a 60 percent drop in net income to P10.5 billion in 2022 from P26.36 billion in 2021 “due to accelerated depreciation booked for the year.”
It also reported that Telco’s core profit grew to P33.1 billion last year from P30.23 billion in 2021. The company said it will reduce its capital expenditures from P80-P85 billion this year against P96.8 billion in 2022. Photos PLDT Facebook page
PLDT and Smart President and CEO, Alfredo S. Panlilio (center-L) and PLDT Chairman Manuel V. Pangilinan (center-R) leads the 2022 Full Year Earnings briefing on Thursday (Mar. 23).
PLDT Inc. executives in full force for the 2022 Full Year Earnings briefing.