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PLDT defers VITRO REIT IPO to 2027 citing market conditions and rising interest rates
PHIPLDT Inc.
PLDT Inc. has deferred the initial public offering of its VITRO REIT subsidiary to 2027 due to current market conditions and rising interest rates. The company remains committed to the proposed listing as part of its asset monetization and deleveraging strategy, while supporting the expansion of the REIT portfolio and growth in its data center business. VITRO REIT will continue coordinating with regulators to complete requirements for a 2027 completion. PLDT Inc. operates as a telecommunications provider offering fixed-line, mobile, broadband, and digital services.