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

Mr Sarath Ratanavadi is the latest Asian energy billionaire to invest in technology-linked assets.
Mr Sarath Ratanavadi is the latest Asian energy billionaire to invest in technology-linked assets.PHOTO: GULF.CO.TH

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.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.