It can almost be said that junk securities is synonymous with Dechong Securities, and this set of tricks can now be played to perfection.

Junk securities are bonds with low credit ratings and high risk, but on the other hand, they have high yield appeal.

To put it simply, IBM bonds are high-quality bonds today, while high-interest bonds committed by other startups struggling to successfully raise funds can be classified as junk bonds.

Tang Huan estimated that in order to get money from the capital market, MCI would have to pay Dechong Securities an interest rate of about 10 percent, and at the same time, it would also have to guarantee including stocks.

William. McGovern wanted to pull himself into this game, but he might not dare to be ill-intentioned, it should be more out of alliance considerations, but Tang Huan couldn't see the interests he was interested in.

Moreover, the ups and downs of MCI to the present are mainly due to the support of William. McGovern's ability to raise capital.

Just like the Hunter family, which has crashed the silver futures market in the past two years, can make it impossible for the banks involved to really get out of it. McGovern has the ability to make the bank that lent him money dare not wean, and Tang Huan doesn't want to be trapped like this.

"Pacific Communications is planning to build a cellular communications network in California. As you know, this is a completely new application of technology that costs a lot of money. So I'm sorry that I don't have the extra energy and resources to participate in the development of MCI. Tang Huan said with a deep groan.

"That's a pity...... "William. McGovern had a look of disappointment on his face.

He felt that Tang Huan, a super billionaire, could hardly match his adventurous spirit, and dared to be the first person to eat crabs in the bottomless pit project of cellular communications, which has yet to prove its commercial value. To be rich is to be capricious!

"Actually. I'm already very happy with the relationship I have now. Pacific Communications helps MCI enhance network service quality at the same time. MCI also helps Pacific Telecom to supplement more access methods, which can be said to complement each other. But it's just like getting along with friends, while being close, you also need to keep your distance from each other. Tang Huan smiled and characterized the cooperative relationship between the two sides.

……

In fact. Tang Huan has more consideration for the cellular system, and it is not an exaggeration to say that he is ambitious, and he really has no time to spend energy and resources on MCI.

So when sending William away. McGovern, Tang Huan called Tang Wenmao into his office. Referring to a map of the United States, it is advisable to teach in person.

"Pacific Communications' enthusiasm for cellular system construction is limited to California. I also don't want to push its management too hard, as long as the first phase of the app is in time for next year's Los Angeles Olympics, it's up to par. But this business opportunity in front of you can't be slipped away. ”

Tang Huan pointed to some markers on the map, "Compared with the microwave communication network system that MCI is expanding, the cellular communication network system can have stronger self-independence, so in the construction process of cellular network coverage in the United States, there will be no "last mile" problem." Embarrassed like MCI. Therefore, a license to operate a cellular communication system outside of California. Well worth our acquisition. ”

The FCC's principle of pricing licenses to operate cellular communications systems is based on "capitation" - that is, the number of adults living in the area.

Because of the lukewarm attitude towards the cellular communication system, the market for operating licenses per "head" is very sluggish, with an average price of $4.5.

Of course, Tang Huan would not agree with AT&T's prediction that cellular phones in the United States would not exceed 1 million subscribers until 2000.

In his opinion, the value of this "head" is by no means limited to the average price of $4.5, and it is not too much to increase it by 20 times.

With the Federal Communications Commission auctioning off licenses for cellular communications systems in 306 MSAs and 429 RSAs in rural areas across the United States, it's a good time to stake your ground.

"If the price of the 'head' is less than $10, you can decide how to get it according to the situation." Tang Huan solemnly advised, "This action of acquiring the license is a business within our family, there is no need to share the soup with others, you must show the ruthlessness of fighting, its significance is not trivial." ”

"I'm going to do my best." Tang Wenmao replied solemnly.

"In order to achieve the current situation of doing more with less money and reducing the average acquisition cost per 'head', we must not only win with 'strength', but also pay attention to appropriate skills."

Tang Huan pointed to his cousin carefully, "Because of the different levels of prosperity between each urban statistical area and the rural statistical area, the level of nodes in the entire cellular network is also different. You have to focus on the key points first, and then the vassals around it will be easy to do. ”

Tang Wenmao nodded understandingly, "I will arrange more experts in the field of communication in the operation team." ”

……

Tang Huan stayed in the United States for several months this time, and after such a long time, it was time to leave for Asia and other places.

It just so happened that Lin Qingbian also came to San Francisco to promote her "Senior Sister's Heroic Real Estate Situation", and Tang Huan specially asked at the dinner table.

DreamWorks Cinemas has been officially fully operational, and its successive releases of films such as "Running to the Angry Sea", "Little Life is Afraid", "Fang Shiyu's Sequel", "Senior Sister's Heroic Real Estate", and "The Legend of Shushan Swordsman" are all well-made and high-quality works with a box office income of more than 10 million Hong Kong dollars, thus quickly helping DreamWorks Cinemas establish a veritable status as the No. 1 cinema chain in Hong Kong.

Because Tang Huan introduced commercial elements such as large-scale productions, special effects, and hunting into the production of Chinese entertainment content through DreamWorks, Xiangjiang Film did not blindly grope in the so-called new wave, and "Fang Shiyu" took the lead in breaking through the box office of 30 million Hong Kong dollars, which has already pointed out the direction for the market in advance.

Lin Qingbian's "Senior Sister's Heroic Real Estate Storm" will exceed 20 million Hong Kong dollars at the box office in Hong Kong, slightly inferior to New Art City's "Best Partner 2: Showing Magical Powers".

However, Lin Qingfang's official transformation work has a strong box office of more than 40 million Taiwan dollars in Baodao, and it dominates the Spring Festival stalls, which is enough to show that her popularity has not decreased.

His capable image and simple dress style in the movie seem to have set off a new fashion in Treasure Island.

The heroine's "Senior Sister's Heroic Real Estate Storm" has many new commercial elements and has the value of entering American theaters, so Lin Qingbian brought the crew over to cooperate with public relations.

After sandwiching a piece of fish for Tang Huan, Lin Qingfang, who was becoming more and more radiant because of his smooth career, smiled and said: "I have a sister in the film industry, who was originally married and retired, but recently she has been thinking about it and plans to reappear in the rivers and lakes." (To be continued......)