Chapter 1365 Industry Analysis

……

This failed acquisition of Liu Dong is naturally also clear, and Lin Ling was unhappy because of this incident during the Chinese New Year.

However, it was precisely because of the failure of this acquisition that Liu Dong understood some things.

The Rothschilds, the super-powerful family that became enemies of the Standard Chartered merger war, played an inglorious role in the acquisition of Marks & Spencer, which was entrenched in Britain.

Even, Liu Dong can be sure that if the Mercury Communications merger and acquisition case were to let Hanhua come forward, it would probably be in vain.

"Your worries are very reasonable! In this case, I will go to the Li family again tomorrow and ask them to come forward to help us acquire Mercury Communications, and when they succeed in the acquisition, we will buy it again!"

"This is also a good way! However, can the Li family agree?"

"They will definitely agree! Even if it is for the port management business of Yan*Taixingang, they will agree!"

"Smoke * Taixingang?"

"That's right, I have handed over the port management of the 12 terminals invested and built by Global Trade in Yan*Taixin Port to Hutchison Port Group, but I haven't signed the contract yet!"

"Why are you looking at me so strangely?" After noticing Feng Jianhui's eyes, Liu Dong asked with a smile.

"The port management of Yan*Taixingang is a lucrative industry, and the chairman is willing to let it go?" Feng Jianhui asked with a smile.

"Don't think of me as gluttonous. Of course, if it had been two years ago, I would have been reluctant, but now it is different! The scale of Hanhua's business is large enough, and there is no need for many companies that make money but have limited influence to continue to stay in their hands. It is the real right choice to sell and exchange funds for investment in important industries related to the national economy and people's livelihood, such as steel, petroleum, energy, and the Internet, and further establish our advantages in these industries. ”

Liu Dong's words are not untargeted, in fact, he has been thinking about these things since the turn of the year. If it weren't for the two elders in Taiyi Pavilion and Agarwood Pavilion, Li Lao and Uncle Long, who had worked hard all their lives, and Liu Dong had promised them to develop and expand the two stores, he would have sold Dongchao Group as a whole!

"Chairman, you are becoming more and more like a mature business leader!" Looking at Liu Dong, Feng Jianhui said happily with emotion.

"Okay, don't praise me! Otherwise, I won't be able to find Beibei, but I'll be in trouble!" After making an innocuous joke, Liu Dong returned to the topic again, "How is the investigation of the French telecommunications market?"

"I was about to tell you...... Now there are a total of two 3G telecommunications licenses in the French market, which are controlled by France's largest media group and mobile operator 'Orange Enterprise', and the second largest mobile operator in France, SFR Telecom!"

"There are only two 3G licenses, so few?" Liu Dong frowned.

In contrast, the United Kingdom, which is not far from France in terms of status and economic power, has five, and is currently considering issuing two more. Germany, on the other hand, has issued more, with six 3G telecommunications licenses with 12 frequencies. Even the Netherlands, which is not as good as France, issued 5 tickets.

"It's also the French who are too greedy! They want to make a lot of money from the auction of 3G licenses, just like the Germans. But telcos aren't fools either. Giant companies such as Vodafone and British Telecom, which have exhausted their money in the United Kingdom, Germany, the Netherlands and Spain, have given up the competition for 3G licenses in France. In the end, there was really no way, and the French issued 2 3G licenses to their own mobile operators Orange and SFR almost free of charge!"

"I see!" After nodding his head clearly, Liu Dong frowned and said, "But if we only have two licenses, I'm afraid it will be more difficult for us to acquire!"

"The chairman doesn't have to worry too much, now the French Ministry of Industry has spread the rumor that they will auction the third 3G telecom license in June, this is our opportunity!"

"Really?" Liu Dong said in surprise.

"I don't dare to lie about this kind of thing!" Feng Jianhui said with a smile.

"Great, this is really 'sleepy to send pillows'. Jianhui, keep an eye on this auction, we must not miss it!"

"I understand!"

After rubbing his hands excitedly and calming down slightly, Liu Dong asked about the last country of his 3G telecom layout.

"What about Germany? Is it easy for us to get a 3G license?"

"I'm afraid it's not too easy!"

"Why?"

"Because the six companies that have obtained the license are all telecommunications giants from various countries. …… They are Germany's largest telecom operator 'Deutsche Telekom', UK's largest telecom operator 'British Telecom' supported by 'Roland Berger', France's largest telecommunications company 'France Telecom' supported by 'Deutsche Mobile', Vodafone's 'Mannesman', Telefónica and Finland's 'Group3G', Hong Kong's Hutchison Whampoa, KPN, Japan's NTT, and DoCoMo's 'E-PLUS Hutchison Alliance'! If you want to buy a 3G license from their mouths, I'm afraid that you won't be able to do it without coming up with $3 billion!"

Liu Dong also knew that this matter was very difficult, but if he didn't work hard, he wouldn't be reconciled!

In particular, the 'Group3G' telecommunications company formed by Telefónica and Finnkom is highly indebted, and most of them will hesitate to invest heavily in the German 3G market when they have not figured out the 3G market in their own countries. Therefore, there should be a good chance of buying the license from them. ”

Since 2000, in order to compete for the future 3G telecommunications market in Europe, major telecommunications giants have come up with huge sums of money to bid for 3G telecommunications entry tickets, that is, licenses.

As a result, in the United Kingdom, they paid 33.95 billion US dollars for five licenses, in Germany, they paid 98.8072 billion German marks (about 45.85 billion US dollars) for six licenses, and if you count the 15 EU countries such as the Netherlands, Spain, and Italy, the entire Europe, alone has invested as much as 120 billion US dollars in 3G licenses!

Like the dot-com bubble at the end of '01, it was often followed by destruction.

A large number of international telecom giants have not had time to rejoice after investing high "entry fees" for competing for 3G licenses, not to mention the hundreds of billions of dollars spent on laying networks and promoting 3G, they have already been burdened with heavy debt burdens, Germany, the United Kingdom, The debt-to-capital ratios of telecommunications companies in countries such as France and the Netherlands have risen by 120% to 210%, and the total debt of the European telecommunications industry at the end of 2000 has reached 251 billion euros, which means that the European telecommunications industry will face a huge debt burden and bubble risk brought about by 3G in the next 10 years.

If it weren't for the support of the governments of their respective countries, and the fact that they themselves are very profitable, I am afraid that they would not have been able to support themselves at all.

Even so, Deutsche Telekom, for example, had to issue huge bonds to tide over the situation, while British Telecom relied on selling off its other businesses to pay off its debts.

Although nearly three years have passed since the 3G telecom bubble, telecom companies in various countries have not completely healed their wounds in these three years.

If you enter the market at this time, if the conditions are right, it should not be difficult to get a 3G telecom license from them. And governments eager to develop domestic 3G telecommunications services will not put too many obstacles in the way.

In 04, it was a great opportunity to enter the European 3G telecommunications market.

“…… However, each of these six companies has two 3G bands, and if we buy them, we are afraid that the scale of the hardware investment will be much larger than expected!"

"It doesn't matter if the investment is big! When we get the 3G license of Britain, France and Germany, we can use these licenses to borrow from standard Standard Chartered Bank, and the loan money should be enough to invest in hardware, and there is also Hutchison Telecom to share the capital, the investment should be lower, don't worry too much about money!"

Feng Jianhui agreed with Liu Dong's point of view, so he didn't object much after listening to it.

"What about the markets in the rest of the European Union, such as Spain and the Netherlands?"

"Except for Italy and Austria, other countries should let it go for the time being! You can't become fat by eating one bite, and you can digest the markets of Britain, France, and Germany. It 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 in it is also because of Hutchison Telecom, after all, the cooperation between the two sides can indeed reduce each other's investment in hardware equipment, which is a rare opportunity!

After listening to Liu Dong's words, Feng Jianhui nodded with some relief. Compared with before, the current Liu Dong is undoubtedly much more mature in business management!

"By the way, the CEO of Hanhua Telecom, is there a candidate now?" Liu Dongdao.

"I'm investigating, but I haven't found a suitable one yet!"

"Hurry up, the snake has no head, before we start the specific merger and acquisition plan, we must first complete the management of GCA Telecom. ”

"Yes, I understand!"

After chatting for a while about the specific formation and future development of Hanhua Telecom, Feng Jianhui shifted the issue to the acquisition of Yahoo.

"Yang Zhiyuan refused?"

"Yes, the email sent by Zhang Fan made it very clear that he had made an offer of $55 billion, as well as a 5% stake in the new company after the merger, but Yang Zhiyuan still refused!"

After thinking for a while, Liu Dong said, "Then what are you going to do?"

"Zhang Fan's suggestion is to wait a minute!"

"Wait, why?"

According to his calculations, after Google goes public, Yahoo's stock price will definitely have a relatively large decline. At that time, the investment institutions that hold Yahoo stock will be shaken, and the attitudes of Yang Zhiyuan and David Ferro may change. And the price of buying Yahoo will be relatively small!Best of all, we were going to use the money from the sale of Google shares to fund the acquisition of Yahoo!, so there is no conflict between the two sides!" )