News
The move, which could raise up to $1 billion, aims to take advantage of the global demand for data infrastructure
Japan’s NTT Group is reportedly considering launching a billion-dollar Real Estate Investment Trust (REIT) in Singapore that would hold up to $3 billion-worth of data center assets, according to a Bloomberg article.
The article states that the company is working with financial advisors to finalise the assets that will be included in this high-profile listing.
According to reports, the listing could happen in late 2025 and would be expected to raise around $1 billion.
If successful, listing would be the largest in Singapore since 2017, potentially revitalising the city-state’s sluggish IPO market
NTT’s move would align with its broader strategy to optimise its assets while addressing the increasing global demand for data infrastructure.
The company’s decision comes amidst rising global investments in data centers, driven by the need for expansive digital infrastructure to manage growing demand for storage and computing capacity. If successful, NTT’s REIT could set a precedent, encouraging other large firms to explore similar offerings in the region.
When contracted by Bloomberg, a representative confirmed that “the company is considering a REIT,” but did not elaborate further.
Keep up to date with the latest international telecoms news by subscribing to the Total Telecom daily newsletter
Also in the news:
Meta resumes use of UK user posts to train its AI models
Verizon’s 4,800 job cuts will cost over $1.9 billion
CMA questions Vodafone–Three merger after second probe