"Congratulations, Mr. Stephenson, and congratulations on returning to AT&T!" Eva Stephenson said kindly that although there is some tension between Yota and AT&T, this is mainly due to AT&T's aggressiveness towards Yota communications under Abraham's leadership. Stephenson is still a big benefactor of Yota Communications.

"It's nothing to celebrate Eva, it's Yota Communications, it's not the startup it used to be! I'm a little curious, though, aren't you really going to make Yota public? Stephenson asked curiously.

"Yota is doing very well now, we don't need capital to dictate to us, I like the feeling of being in control, once we go public, there will always be people who will say anything about our business!" Eva patiently explained to Stephenson.

"By the way, how far is your Iridium company going now?" Stephenson said that his real purpose was for Iridium, and the landline telephone market in the United States had developed to a very mature point, and the growth rate of AT&T's subscribers had begun to decline sharply, in stark contrast to AT&T's mobile phone subscribers and business volume were growing at a crazy rate of 70% per year. This increase and decrease is a powerful indication of the future of the telecommunications industry.

"Stephenson, do we still need to go around in circles like this? I know what your purpose is today. Why don't you just talk about what you want and what you're willing to give? Eva said bluntly.

"We at U.S. Telegraph want to take a stake in Yota!" Stephenson said dryly.

"It can't be, Yota doesn't accept other investors, never!" Eva refused mercilessly.

"Listen Eva, the cooperation between our two companies will allow each other to get what they want most, and if your mobile communication is not involved in the telephone network of the American Telegraph and Telephone Company, it will only be a flashy toy for most ordinary users. I don't deny that Yota's mobile communication technology does have a lot of features, such as your SMS function, and some value-added service features. But how much does a Yota terminal cost, I'm afraid the cheapest one is $1,000......" Stephenson said earnestly.

"This price is just now, we have a world-renowned consumer electronics manufacturing company on our board, and we are confident that we can reduce the price and cost to half the current level." Eva stubbornly refuses Stephenson's advice.

Stephenson's face was a little unbearable, he was also a figure in the business world, but now he was going to ask for a little girl. Although the expression on Stephenson's face did not change, his thumb pressed hard against his knuckles, and his fingers were pinched white.

"Mr. Stephenson, why don't we work together in a different way?" Eva said abruptly in reverse.

"How do you want to work together?" Stephenson finally breathed a sigh of relief when he mentioned this, he didn't want to have a fight with this woman, because this time Stephenson also had the task of the board of directors of AT&T, and he must break the current situation of the two companies not dying.

"Mr. Stephenson, I still have about 75 percent of Iridium in my hands. You see, if I give up 15 percent of the shares, AT&T can give up the same share of the shares in exchange! Eva said to Stephenson suddenly, this is a strategy that Peterson and Eva had worked out before meeting Stephenson, because Peterson also saw the limitations of mobile satellite communications in the environment. In densely populated areas, satellites perform much worse than terrestrial base stations, and the usefulness of the Iridium system is greatly reduced if it is not possible to talk directly to landline users.

"It's not impossible to suggest, how many shares do you want?" Stephenson has always been at a disadvantage when she sells Eva, and now Eva has finally revealed her true colors, this woman actually wants a stake in AT&T. AT&T is a publicly traded company, and Iridium is not yet officially operational, so Eva is a white wolf with empty gloves.

"Well, I'll exchange 15 percent of Iridium's shares for 15 percent of your company's preferred stock. In addition to this, I am willing to transfer the network solution to Iridium, and you can put the network plan on the Iridium platform as well. Eva said widely. The exchange of Iridium's original shares for AT&T's preferred shares was a loss for AT&T.

"Eva, fifteen percent is too much, I estimate that the board of directors will give up to ten percent, and if you want to, you can buy some of the shares from the open market!" Stephenson calculated in his mind that according to the bids of the shareholders who have subscribed for the shares of Iridium, the valuation of this company has reached 50 billion, and once Iridium has obtained the technical authorization of Yota Communications, it can use Yota's network technology for free, so it is equivalent to Yota injecting about 40 billion US dollars of capital into this company again. Then the overall market value of Iridium is close to 100 billion, which is already very close to the market value of AT&T.

"Fifteen percent, this is the bottom line of cooperation!" Eva insisted.

"It's preferred stock, not common stock, up to 10 percent, but we can compensate you in other ways!" Stephenson also bit the price unchanged.

"Okay, I can give you fifteen percent, but you're going to inject your existing cyber assets into Iridium. In addition to that, I'm interested in something about your company! I've heard that Bell Labs' fiber optic technology is very mature, and I think if you can get this technology into the hands of Iridium, I can work together in the way you proposed! At this moment, Eva suddenly mentioned something that AT&T had been working on so hard.

"Fiber, you know it very well, huh? But how can this kind of thing be taken out casually, this is the work of Bell Labs for many years! Stephenson insisted.

"Mr. Stephenson, NTT's fiber optic technology is also mature, but I am not willing to transfer my shares to them, and the more shares I have in AT&T, the more I will care about the interests of this company!"

……

A few days later, the capital markets on Wall Street were once again stirred up by Bloomberg's revelations, when AT&T, which was already in the same boat, suddenly announced a share swap with Iridium, and AT&T also announced that it would integrate its own network business into Iridium. The small Iridium company has already set foot in the two trillion-level investment blue ocean of the network market and the satellite communication market before it is officially operational.