Chapter 758 Greek Telecom
On this morning, Barron changed his morning exercise method.
I have to say that Cassandra's recovery ability is somewhat surprising.
After studying last night, in the morning, she was still able to insist on reading with Barron. She is indeed a good girl who is good at learning...
"You will still be in Paris How long will it take?”
After the room finally calmed down, Cassandra couldn't help but ask.
"There are still a day or two. You know, my next schedule will be quite busy."
Hearing Barron's words, Cassandra was slightly disappointed:
< br>“Then can I go to London to see you?”
“Well, of course, but it’s best to give me the news in advance so that I can arrange the time...”
But Barron can't guarantee whether he will have time by then. After all, sometimes fast food is only eaten occasionally.
Next, Barron met O2 Telecom CEO Berry Trelles, who came to Paris from Greece.
“In order to meet the requirements of the European Central Bank and the International Monetary Fund, the Greek government formulated a privatization plan for part of the state-owned assets, and we successfully bid for the 25 shares of Hellenic Telecom (OTE) held by the Greek government. % of the shares, for these shares, we paid a price of 3 billion euros..."
In this month, the Greek government finally completed the first round of negotiations with the European Central Bank and the International Monetary Fund. They will Receive various bailouts that may total up to 120 billion euros.
But one of the conditions is that the Greek government needs to show their determination to eliminate the crisis. To this end, the Greek government will significantly reduce government spending and will also sell some state-owned assets and privatize them in exchange for funds to make their government debt look better.
Under pressure, the Greek government acted quickly. For example, Peninsula Oriental Group and COSCO Group jointly completed the acquisition of Piraeus, the largest port in Greece.
COSCO Group acquired 67% of the shares of Piraeus Port, and the remaining 33% of the port equity was acquired by Peninsula Oriental Group.
In this way, the two parties will cooperate to expand the scale of Piraeus Port and increase its throughput, making it the largest port in the Mediterranean.
The Greek government’s sale list also includes a 25% stake in Greece’s largest telecommunications company, Hellenic Telecom.
In the competition for these shares, O2 Telecom defeated other competitors and finally won 25% of Hellenic Telecom's shares for 3 billion euros.
However, after this agreement is reached, O2 Telecom CEO Berry Trelles will also go to Germany to discuss with Deutsche Telekom after this meeting with Barron...
Because Greece is currently Telecom's largest shareholder is Deutsche Telekom, and they hope to buy out Deutsche Telekom's shares to complete their control of Hellenic Telecom.
In addition to being the largest telecommunications operator in Greece, Hellenic Telecom also has a strong position in the communications markets of Southern and Southeastern Europe, including Algeria, Romania and Bulgaria.
As early as March 2008, Deutsche Telekom acquired less than 20% of the shares of Hellenic Telecom (OTE) from MIG for a purchase price of approximately 2.55 billion euros.
Afterwards, through negotiations with the Greek government, Deutsche Telekom gradually increased its stake in Hellenic Telecom to about 35%, becoming the largest shareholder of Hellenic Telecom.
However, it is obvious that since the outbreak of the subprime mortgage crisis, Deutsche Telekom has had a very difficult time. In order to repay debts, they had to sell their American subsidiary T-MobileUSA to O2 Telecom. Now O2 Telecom hopes to further acquire the shares of Hellenic Telecom held by Deutsche Telekom, so that they will own more than 60% of Hellenic Telecom's shares, thereby completing their control and making it a subsidiary of O2 Telecom.
With the addition of Czech Telecom previously acquired by O2 Telecom (now the Czech branch of O2 Telecom), O2 Telecom will have a considerable market share in the Eastern European market and the Southern European market.
This time, Deutsche Telekom also participated in the Greek government’s bid to sell shares in Hellenic Telecom, but ultimately lost to O2 Telecom in the bidding. This also shows that Deutsche Telekom is no longer the same as it once was. powerful.
Therefore, O2 Telecom is still very hopeful this time to get Hellenic Telecom from Deutsche Telekom.
Of course, if Deutsche Telekom does not relent, they can only achieve control of Hellenic Telecom by continuing to acquire Greek Telecom shares in the secondary market and acquiring them from other small shareholders.
That will inevitably cost more money and time, and can only be used as a last resort option.
“If the acquisition of Hellenic Telecom can be completed, it will have a synergistic effect on our current European business, increasing the number of users while reducing considerable operating costs...”
Currently Hellenic Telecom The total number of users is around 7 million. If the acquisition of Hellenic Telecom can be completed, O2 Telecom will become the top three telecommunications groups in Europe in terms of user scale.
……
Barron's stay in France was longer than previously expected...
After handling the affairs in France, he also helped Ellie Weber with many sowings... Barron was in In late June, I returned to London.
At this time, Tamaran Ecclestone's due date is very close, so Barron will spend more time with her.
During this period of time, Catherine Neville was the person who was most often with Tamaran - the relationship between the two began to become closer when they were in Australia.
This is also convenient for Barron. When he lived with Tamaran, because of her physical condition, Barron often studied knowledge with Catherine first, and then Accompanying Tamaran to sleep...
He couldn't help but suspect that Catherine might soon have their second child.
“Yesterday, on our northern border, armed elements crossed the border and attacked the local village of Colo...”
Nigel Inkster reported to Barron what had just happened :
“The Koro Legion responded quickly, they The militants were repelled, but the remaining personnel passed the border and fled to the Benin side. We can only temporarily stop the pursuit, but we have strengthened the local vigilance and investigation. "
Hearing this. News, Barron frowned slightly:
"Can you confirm whether the Benin military is involved in this?"
"There is no such sign yet, but it is obvious that the other party has received the support of some external funds."
Ba Len understood that what Nigel called "outside money", It is likely to come from France...
"Let the Colo side warn Benin and ask them to cooperate in controlling these terrorists, otherwise the Colo Corps will not rule out the possibility of cross-border pursuit!"
(End of Chapter)