PLDT Said to Weigh Data Center Stake Sale After Spending Overrun

PLDT Inc. is considering the sale of a significant minority stake in its data center assets, according to people familiar with the matter, as the Philippines’ largest telecommunications firm grapples with the fallout from a spending scandal.

The company is working with financial advisers as it weighs bringing in an investor into its data center business, the people said, asking not to be identified because the matter is private. A transaction could value the business at $700 million to $800 million, the people said.

Bringing in a partner would help the company raise cash and further develop its business, the ...