PLDT Inc., a telecommunications leader, aims to attract tech investors to support the Philippines’ ambitions of becoming a major hyperscale hub in Southeast Asia.
The dedication to this goal is affirmed by Albert Villa-Real, President and CEO of PLDT Global Corp., who emphasizes the company’s commitment to providing advanced platforms and channels to its network of global carriers and technology partners.
The objective is to connect them with a wide range of potential clients, both domestically and internationally.
PLDT Global, the international arm of PLDT, pledges to showcase the extensive infrastructure of its parent company to foreign investors.
Specifically, the focus is on enticing hyperscale companies to select the Philippines as the destination for their upcoming data offices, with PLDT serving as their reliable service provider.
By March, PLDT has established an impressive fiber network spanning over 1.1 million kilometers, with 874,000 kilometers dedicated to domestic fiber and 231,000 kilometers to international fiber.
Moreover, this network facilitates Smart Communication Inc.’s wireless coverage, reaching an impressive 97 percent of the population.
Looking ahead, PLDT plans to complete its largest data center, located in Sta. Rosa, Laguna, by the following year, which will increase PLDT’s capacity for hyperscale operations by an additional 50 megawatts.
In the future, PLDT envisions expanding its data capacity by 65 percent through the construction of its 12th data center.
This expansion aligns with the company’s anticipation of continued growth in the demand for colocation spaces.
Data centers play an important role as storage facilities for technology giants like Amazon, Google, and Meta, as they cater to the needs of millions of users accessing their platforms.
According to estimates by S&P Global, the Philippine data center market is projected to grow by an average rate of 13 percent from 2020 to 2025.
The country is poised to compete with neighboring Southeast Asian nations, including Indonesia, Malaysia, Thailand, and Vietnam, in the race for data center dominance.
Currently, PLDT operates 10 data centers, providing a total capacity of nearly 10,000 racks. Moving forward, the telecommunications giant is determined to expand its rack capacity through the entry of new investors.
From a financial perspective, PLDT’s venture into data centers has proven to be profitable.
In 2022, PLDT experienced a significant 12 percent increase in revenue from information and communication technology, reaching P5.4 billion compared to P4.8 billion in 2021.
Data centers contributed over half of this revenue, amounting to P2.9 billion.
PLDT (PSE:TEL) closed on Tuesday at P1,330.00 per share, up by 1.92%. PSE:TEL is also up by 0.99% yaer-to-date.
It has managed to stay above its 10-day simple moving average for nine consecutive trading days.
Today’s volume is higher than 50% of PSE:TEL’s 10-day volume average.
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