Chapter 912 Huawei Marconi
Boss Ren is actually a little interested in this plan.
The main reason is that the Huawei of today is no longer the Huawei of ten years ago.
It can be said that because of Huawei's business methods and development, it has received more support from China, but the 15% shares held by Rich23 Capital have more or less become Huawei's Barriers to further support.
After all, the independence of the communications industry has always been valued by various countries - the only difference is whether it has the ability to be independent.
Huawei's current performance is fully worthy of more support from the country, but in this case, having foreign investment and not having foreign investment are different concepts.
If we follow Barron's plan, then Huawei is simply giving up part of its European market share in exchange for its parent company's "pure Chinese blood" - not to mention that this will also benefit Huawei's success in the market. Europe gets more markets.
And according to Barron's plan, Huawei is still the largest shareholder of this joint venture - its European joint venture Huawei Marconi Company. The distribution of shares will be Huawei's 49% stake, DS Holdings (Cavendish Trust) holds 36% of the shares, and William Weber Capital holds 15%...
In this way, at least in the British, French and German markets, Huawei Marconi will have the same national telecommunications Equipment suppliers are treated equally.
As for Barron's words, Boss Ren knows the other party's energy in these places, so he has no doubt about it.
"Mr. Ren, I have learned about your experience, and I really appreciate your personality and business courage. Therefore, if given the opportunity, we will become Huawei's most reliable partners."
"Your Highness the Duke, thank you. I started Huawei when I was 44 years old. In the past ten years or so, I have gone through all kinds of ups and downs. I can't compare with a dragon among people like you..."
Speaking of which, Boss Ren is still grateful to Barron. From 1998 to 2000, Huawei bet on 3G technology, but he did not expect that China's 3G cameras had not been released for a long time, which put Huawei into trouble at the time. They chose the GSM technical route, causing China Unicom's nationwide CDMA IS95 equipment procurement to almost entirely fall into the hands of ZTE.
You must know that the original 2G network had two standards, namely GSM (GPRS/EDGE) organized by ETSI in Europe and CDMAIS95/CDMA20001x organized by TIA from America with Qualcomm as the main force. At that time, China The two mobile operators China Mobile use GSM and China Unicom uses CDMAIS95.
In the end, Huawei believed that CDMAIS95 was a technology destined to be eliminated, so it put almost all of its research and development and investment into GSM and prepared to continue to develop 3G technology after this.
As a result, in the end, China Unicom's communication equipment bidding was won by ZTE, which invested in the research and development of CDMAIS95...
As for China Mobile's GSM bidding, Huawei was also very unlucky. It happened that European manufacturers wanted to compete with American manufacturers. In a fierce price war, the price of GSM equipment has plummeted. If Huawei calculates the research and development costs, even if it wins the bid, it will still lose money...
Then the 3G technology they developed, and because China has not launched 3G photography for a long time, , there is no market at all in the country.
It rained all night when the house leaked. At that time, UtStarcom, which occupied the vast majority of the PHS market share in China, relied on its market share to bundle and sell their broadband access equipment. This also made Huawei's market share in broadband equipment The market above has been greatly squeezed.
You must know that the main market for WCDMA, the 3G network on the GSM path, is in Europe. At that time, it first reached cooperation with O2 Telecom, thereby entering the British and European markets, which can be regarded as saving Huawei's life.
And after Barron holds 15% of Huawei's shares, O2 Telecom's equipment in Europe is mainly purchased from Huawei. As O2 Telecom's scale expands, Huawei currently occupies a considerable market in Europe.
Now that the two sides have changed the way they cooperate, it can be said that it is beneficial to both parties. For Barron, Huawei has a unique internal equity allocation method and has never been listed on the market. In addition, Huawei's increasingly important position in China's domestic telecommunications industry, the 15% of the shares they hold, in terms of influence, It is basically difficult to influence Huawei’s decision-making. In terms of revenue, Huawei Almost all the income is invested in research and development, basically no dividends are paid, and if it is never listed, it will not be launched through the open market...
Instead of this, it would be better Convert it into shares in a joint venture between the two parties in Europe.
According to the agreement reached by Barron's former boss, Huawei Marconi will cooperate with Huawei to establish a research and development center in Europe and share the research and development results of both parties.
Huawei Marconi Company has also been authorized by Huawei to use Huawei's exclusive patents - of course, it needs to pay patent fees to Huawei.
In the future, related communication equipment for the European market will be produced at Huawei's Marconi factory in England, which also means that Barron's side can obtain half of the profits from the European market.
At the same time, O2 Telecom will also support Huawei's standards in the field of 5G technology in the future, and the two parties have reached a technical alliance in this regard.
Boss Ren also attaches great importance to the establishment of this joint venture. After all, it is related to Huawei's future European market.
Barron entertained his boss well in London, and even took time to visit Chatsworth Manor in Derbyshire with him, fulfilling the friendship of a landlord.
It is worth mentioning that Chatsworth Manor has been closed to tourists on May 31 this year and will undergo overall renovations again.
And after this renovation, the manor will no longer be open to tourists.
Yes, this renovation of Chatsworth Manor will be more thorough than the previous overall renovation. Not only will the exterior walls be carefully maintained, but the interior of the manor will also be renovated. Renovation and modern decoration will make it more suitable for modern people's living.
Because after this renovation, Chatsworth Manor will return to being the residence of the Devonshire family and will be equipped with all-round security, so naturally it will no longer be open to tourists.
When the Devonshire family first opened the manor, its main purpose was to obtain funds in this way to bear the expensive maintenance costs of the manor.
Later, after Barron's assets continued to expand, he did not like living here very much - this kind of aristocratic manor itself was used by nobles who once lived a pastoral life, and was not suitable for residence in today's commercial society.
When people like Barron and others are young, it is naturally more suitable to live in a metropolis like London. Whether it is socializing, work, or even children’s education, the convenience of a metropolis is far beyond this. The old manor can be compared.
But now that I have reached a position like Barron's, it is not a big deal to come back here to live here for a month or two now and then, because I have the assistance of the entire assistant team and the family office.
In this case, if Chatsworth Manor continues to be open to the public, according to the opinions of Barron's security team, there will be some hidden dangers in terms of security.
Since he no longer cares about the funds for the maintenance of this manor, Barron simply made the decision to close it to the public after this overall renovation.
And this time the overall renovation will not only add more modern facilities, but also carry out large-scale upgrades in security to prepare for emergencies.
(End of this chapter)