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Thai Billionaire Sarath Ratanavadi Raises Stake In Gulf Development As Singtel Sells Shares

Billionaire Sarath Ratanavadi has been diversifying the business of Gulf Development, which has interests in power plants, data centers and a crypto currency exchange.

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cnbc.com

straitstimes.com

forbes.com

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forbes.comStai leggendo18 h fa

Thai Billionaire Sarath Ratanavadi Raises Stake In Gulf Development As Singtel Sells Shares

Billionaire Sarath Ratanavadi has been diversifying the business of Gulf Development, which has interests in power plants, data centers and a crypto currency exchange.

originale

straitstimes.com1 g fa

Singtel sells Gulf Development shares for $1 billion

Singtel raised $1B selling 2.8% stake in Gulf Development, accumulating $6.8B in asset-recycling since 2024. Proceeds fund record dividend and buybacks plus digital infrastructure—showing how telcos monetize non-core assets for shareholder value and tech modernization.

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cnbc.com1 g fa

Singtel sells $773 million Thai energy stake as it ramps up AI and data center investments

Southeast Asia's largest telecom operator sold 2.8% stake for about S$1 billion in Gulf Development.

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Timeline cronologica

martedì 23 giugno 2026·cnbc.com
Singtel sells $773 million Thai energy stake as it ramps up AI and data center investments
Southeast Asia's largest telecom operator sold 2.8% stake for about S$1 billion in Gulf Development.
martedì 23 giugno 2026·straitstimes.com
Singtel sells Gulf Development shares for $1 billion
The sale will fund growth and return more money to shareholders. Read more at straitstimes.com. Read more at straitstimes.com.
mercoledì 24 giugno 2026·forbes.com
Thai Billionaire Sarath Ratanavadi Raises Stake In Gulf Development As Singtel Sells Shares
Billionaire Sarath Ratanavadi has been diversifying the business of Gulf Development, which has interests in power plants, data centers and a crypto currency exchange.