BANGKOK - Thai Billionaire Charoen Sirivadhanabhakdi, whose family built its fortune around real estate, food and beverages, is betting on a boom in online shopping, video conferencing and food delivery to drive demand for data storage services, his newest venture.
Mr Charoen's Frasers group owns a majority stake in the operator of the new data centre, while ST Telemedia Global Data Centres, indirectly wholly owned by Temasek Holdings, holds the rest. The new data centre, which will begin operation early next year, will also benefit from the rollout of fifth-generation mobile phone services, Mr Supparat said. Thailand's government in February raised more than US$3 billion from auctions of 5G licenses.
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