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Thai billionaire's $22.7 billion bid for Singtel associates draws sceptics

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Mr Sarath Ratanavadi is the latest Asian energy billionaire to invest in technology-linked assets.

PHOTO: GULF.CO.TH

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BANGKOK (BLOOMBERG) - Mr Sarath Ratanavadi, Thailand's second-richest man, is trying to diversify his empire with a bold bet on digital technology that may cost as much as 534 billion baht (S$22.7 billion).
He will have to do more to convince sceptics that the maths adds up.
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