Liu Dong was naturally aware of the failed acquisition this time. During the Chinese New Year, Lin Ling was very upset because of this incident.
However, it was precisely because of the failure of this acquisition that Liu Dong understood something.
The Rothschild family, a super powerful family that became enemies due to the Standard Chartered Bank merger battle, has deep-rooted influence in the UK and played a disgraceful role in the M&S merger.
In fact, Liu Dong was certain that the Mercury Communications merger and acquisition case would probably be ruined if they, Hanhua, were to come forward.
"Your worries are very reasonable! Let's do this. I will go to the Li family tomorrow and ask them to help us acquire Mercury Communications. After their acquisition is successful, we will buy it again!"
"This is also a good idea! But can the Li family agree?"
"They will definitely agree! Even if it is for the port management business of Yan*tai New Port, they will agree!"
"Y*Tai Xingang?"
"That's right, I have handed over the port management of the 12 terminals invested and built by Global Trading in Yan*tai New Port to Hutchison Ports Group, but I haven't signed a contract yet!"
"Why are you looking at me so strangely?" Liu Dongxiao asked after noticing Feng Jianhui's eyes.
"The port management of Yan*tai Xingang is a highly profitable industry. Is the chairman willing to give it up?" Feng Jianhui asked with a smile.
"Don't think of me like Taotie. Of course, if it were two years ago, I would definitely be reluctant to part with it, but it is different now! The scale of Hanhua's business is already large enough, and many companies that make money but have limited influence do not need to
We continue to keep it in our hands. Selling it into funds and investing it in important industries related to the national economy and people's livelihood, such as steel, oil, energy, and the Internet, to further establish our advantages in these industries is the truly correct choice."
Liu Dong's words are not without purpose. In fact, he has been thinking about these things since he turned around. If it weren't for the two elders in Taiyi Pavilion and Chenxiang Pavilion, Mr. Li and Uncle Long, who have worked hard on them all their lives, Liu Dong would also
If he promised them to develop the two stores, he would have sold the entire Dongchao Group long ago!
"Chairman, you are becoming more and more like a mature business leader!" Looking at Liu Dong, Feng Jianhui said happily with emotion.
"Okay, you better stop praising me! Otherwise I will be in trouble if I can't find Bei!" After making a harmless little joke, Liu Dong returned to the topic again, "How is the investigation of the French telecommunications market?
"
"I was just about to tell you!...There are currently two 3G telecommunications licenses in the French market, one by France's largest media group and mobile operator 'Orangier Company', and France's second largest mobile operator SFR Telecom
The company is in control!”
"Only two 3G license plates? So few?" Liu Dong frowned.
In contrast, the UK, which is almost the same as France in terms of status and economic strength, has 5 licenses and is currently planning to issue two more. Germany has issued even more, with a total of 6 3G telecommunications licenses for 12 frequencies. Even so.
Not as good as France and the Netherlands, they all issued 5 tickets.
"The French are too greedy! They hope to make a fortune from the auction of 3G licenses like the Germans. But the telecommunications companies are not fools either. Vodafone, which has run out of money in the UK, Germany, the Netherlands, and Spain,
Giant companies such as British Telecom gave up the fight for French 3G licenses. In the end, there was no other way, and the French issued two 3G licenses to the country's mobile operators Orange and SFR for almost free!"
"So that's it!" After nodding his head clearly, Liu Dong frowned and said, "But if there are only two licenses, I'm afraid it will be more difficult for us to acquire them!"
"The chairman does not need to worry too much. Now there is news from the French Ministry of Industry that they will auction the third 3G telecommunications license in June. This is our opportunity!"
"Really?" Liu Dong said in surprise.
"I wouldn't dare lie about this kind of thing!" Feng Jianhui laughed.
"Great, this is really a 'pillow for those who are sleeping'. Jianhui, keep an eye on this auction, we must not miss it!"
"I see!"
After rubbing his hands excitedly and calming down for a moment, Liu Dong asked about the last country where his 3G telecommunications network would be deployed.
"What about Germany? Is it easy for us to obtain a 3G license?"
"I'm afraid it's not too easy!"
"Why?"
"Because the six companies that obtained the licenses are all telecommunications giants from various countries... They are Germany's largest telecommunications operator 'Deutsche Telekom', and 'Roland Berger' supported by the UK's largest telecommunications operator 'BT',
'Deutsche Mobile' supported by 'France Telecom', the largest telecommunications company in France, 'Mannesmann' supported by Vodafone, 'g meat p3g' composed of Telefonica and Finland Telecom, Hong Kong Hutchison Whampoa, kpn, Japan ntt, doo
The 'E-P Lus Hutchison Alliance'! Each of them is an international telecommunications giant! If you want to buy the 3G license from them, I'm afraid you won't be able to do it without spending 3 billion US dollars!"
Liu Dong also knew that this matter was very difficult, but if he didn't work hard, he wouldn't be willing to do it!
"Except for Deutsche Telekom and Hutchison Whampoa, the other four companies should give it a try! Especially the 'g meat p3g' telecom company formed by Telefonica and Finlandia Telecom. They are highly indebted and have not yet understood the 3G market in their country.
Most people will hesitate to make huge investments in the German 3G market. Therefore, the chance of buying the license from them should be great."
This was not Liu Dongwu's intention. Starting in 2000, in order to compete for the future 3G telecommunications market in Europe, major telecommunications giants spent huge sums of money to bid for 3G telecommunications entry tickets, that is, licenses.
As a result, in the UK they paid US$33.95 billion for five licenses; in Germany, they paid 98.8072 billion German marks (approximately US$45.85 billion) for six licenses, if you include the Netherlands, Spain, Italy and other fifteen EU countries.
, the entire Europe, the investment in 3G licenses alone is as high as 120 billion US dollars!
Just like the Internet bubble at the end of 2001, fanaticism is often followed by destruction.
A large number of international telecommunications giants had no time to rejoice after investing high "entry fees" in competing for 3G licenses, not to mention the hundreds of billions of dollars spent on laying out 3G networks and promoting them. They were already saddled with heavy debts.
Burden, the capital debt ratio of telecommunications companies in Germany, the United Kingdom, France and the Netherlands has increased by 120% to 210%. The total debt of the European telecommunications industry at the end of 2000 was as high as 251 billion euros, which means that the European telecommunications industry is
In the next 10 years, we will face huge debt burdens and bubble risks caused by 3G.
If these telecom giants hadn't received support from the governments of their respective countries, coupled with their own high profits, I'm afraid they wouldn't be able to sustain themselves at all.
Even so, Deutsche Telekom, for example, had to issue huge bonds to survive the difficulties, while British Telecom relied on selling off other businesses to repay its debts.
Although nearly three years have passed since the 3G telecom bubble, telecom companies in various countries have not completely healed the wounds during these three years.
If you enter the market at this time and the conditions are right, it should not be difficult to obtain a 3G telecommunications license from them. Moreover, governments eager to develop domestic 3G telecommunications services will not set too many obstacles.
In 2004, it was an excellent opportunity to enter the European 3G telecommunications market.
"...I understand! However, each of these six companies has two 3G bands. If we buy it, I'm afraid the scale of hardware investment will be much larger than expected!"
"It doesn't matter if the investment is large! Once we get the 3G licenses from Britain, France and Germany, we can use these licenses to borrow money from Standard Chartered Bank. It should be enough to invest in hardware with the loan money, and Hutchison Telecom will share the capital, so the investment should be more
It’s lower, so you don’t have to worry too much about money!”
Feng Jianhui agreed with Liu Dong's point of view, so he didn't object much after hearing it.
"What about the markets in other EU countries such as Spain and the Netherlands?"
"Except for Italy and Austria, let's leave other countries aside for the time being! One bite will not make you fat. Being able to digest the markets of Britain, France and Germany is enough to establish our position in the international telecommunications market!" Liu Dong said after a slight hesitation.
The reason why Italy and Austria are included is because of Hutchison Telecom. After all, cooperation between the two parties can indeed reduce each other's investment in hardware equipment. It is a rare opportunity!
After listening to Liu Dong's words, Feng Jianhui nodded with some relief. Compared with before, Liu Dong is undoubtedly much more mature in business management now!
"By the way, is there a candidate for the CEO of Hanhua Telecom now?" Liu Dong said.
“We are currently investigating, but we haven’t found anything suitable yet!”
"Hurry up and take the time to stop a snake without a head. Before we start the specific merger and acquisition plan, we must first complete the management of Hanhua Telecom."
"Yes, I understand!"
After chatting for a while about the specific formation and future development of Hanhua Telecom, Feng Jianhui shifted the question to the acquisition of Yahoo.
"Zhiyuan Yang refused?"
"Yes, the email sent by Zhang Fan made it very clear that he had already made an offer of US$55 billion, as well as 5% of the shares of the new company after the merger, but Jerry Yang still refused!"
After thinking for a moment, Liu Dong said: "Then what are you going to do?"
"Zhang Fan's suggestion is to wait first!"
"Wait a minute, why?"
"According to his calculations, after Google goes public, Yahoo's stock price will definitely see a relatively large drop. At that time, investment institutions holding Yahoo stocks will be shaken, and the attitudes of Jerry Yang and David Filo may change.
.Moreover, the cost for us to acquire Yahoo will be relatively small! The most important thing is that we originally planned to use the money from selling Google shares as funds to acquire Yahoo, so there is no conflict between the two parties!"