Thai tycoon’s US$17bil bid for Telecom giants draws sceptics


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

BANGKOK (Bloomberg): 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 US$17 billion.

He’ll have to do more to convince skeptics that the math adds up.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Thailand , tycoon , Sarath Ratanavadi , Telecoms

   

Next In Aseanplus News

Fire at Rohingya camp kills two, displaces thousands in Bangladesh
Sharing small details online could empower scammers, warns Cambodian ministry
An Apple AI blunder messed up headline summaries so badly some want the feature pulled
Chinese workers saved from 'slave-like conditions' in Brazil
China to remain top car exporter in 2025 despite slower growth on EU’s EV tariffs
Death certificates issued for Singaporean couple still missing after Taiwan quake in April
Over two million doses of oral cholera vaccines administered in Myanmar
50 evacuated after fire linked to power-assisted bike battery breaks out in Singapore flat
Bangkok photo exhibition showcases vibrant colours of Vietnam
Bangladesh probes Singaporean tycoon for financial crimes; his lawyers call it a smear campaign

Others Also Read