Chapter 667 Testing (Supplementary Chapter)
Of course Xu Liang is well aware of the time when the 3G business broke out, but before the birth of smartphones, the global mobile phone online business was already abundant.
Businesses similar to Monternet are also available abroad.
That’s why he gradually entered the game in 2004.
Similar to the Internet, if it is later, when everyone realizes the opportunity, it will not be so easy to buy the bottom.
Xu Liang talked eloquently, but there was nothing convincing.
But this kind of subjective judgment is inherently unconvincing.
Old Li pondered for a moment.
"Xu Sheng, are you interested in investing in Q3?"
Q3 is Hutchison Whampoa's typical company in Europe, currently developing 3G business in the UK, Italy, Austria and Denmark.
"If Mr. Li is willing, I would be happy to acquire Hutchison Whampoa's Q3. Of course, it would be even better if I could acquire Hutchison Global."
"As long as Mr. Li is willing, I can eat them all. , and it’s cash,” Xu Liang said with a smile.
After a moment, Li Jiacheng smiled.
Li Jiacheng’s pupils shrank.
In 2001 and 2002, Danish and Irish licenses were added.
Hutchison Whampoa acquires Italian 3G license for US$2 billion.
Lao Li smiled and said: "Q3 is not cheap."
The reason why he asked Hanhua to only make equity investments in the 3G industry instead of exiting directly.
In addition, Hutchison Whampoa Group formed a tripartite alliance with NTT DoCoMo and Netherlands Telecom to participate in the German 3G license bidding.
In April 2000, the British Telecommunications Authority auctioned five 3G licenses, and Hutchison Whampoa won one license at a bidding price of 4.4 billion pounds ($6.9 billion).
Subsequently, Hutchison Whampoa continued to expand its 3G territory in Europe, bypassing Germany.
In addition to Europe, Hutchison Whampoa has also obtained 3G licenses from China, Australia and Israel.
"Q3 is Hutchison Whampoa's future business focus and cannot be sold yet. But if you are interested, we can cooperate."
Xu Liang said with a smile.
If Hutchison Whampoa is willing to sell, he can directly acquire it as a bridgehead to enter the European 3G business.
The key is still the lack of talent.
Hutchison Whampoa’s 3G assets amount to tens of billions of dollars.
Hutchison Whampoa and its partners paid a total of US$10.7 billion for nine 3G licenses in nine mobile markets around the world, of which Hutchison Whampoa paid US$7.8 billion.
He looked at the young man in front of him with deep eyes, trying to see whether he was telling the truth or just coping.
Coupled with the base station investment in 2003 and 2004.
In November and December, we obtained 3G licenses from Austria and Sweden respectively.
In July 2000, Hutchison Whampoa reached strategic cooperation with Japan's NTT DoCoMo and Dutch Telecom Company. Hutchison Whampoa's subsidiary holding a British 3G license transferred 20% and 15% of its equity to the two companies for joint operation. UK 3G mobile communications network.
"How do Mr. Li want to cooperate?"
"I can sell Xu Sheng 20% of the Q3 company's shares."
Xu Liang shook his head with a smile. "If it's 20% of Hutchison Whampoa's shares, I'm very interested, but as for Q3, forget it."
"Why, aren't you confident in the future of 3G?"
"Of course, I don't deny this. But the 3G business at this stage is difficult to balance expenditures through revenue. If there is still revenue from 2G business in Q3 If I contribute, I am happy to invest, but Hutchison Whampoa has been sold
A company whose ongoing investment is greater than its expenditure will find it difficult to obtain satisfactory returns in a short period of time.”
Q3 will be a good company in the future, but not now.
The telecommunications companies invested by Hanhua's No. 6 Fund are mainly in the United States, Japan and South Korea.
In order to compete with the strength of the United States in the Internet industry, European telecommunications companies and capital spent too much money on 3G licenses and were heavily in debt.
Before 2008, he would not have entered the European telecommunications market.
Of course, if Li Jiacheng is willing to sell Hutchison Telecom's business, he really wants to take it over.
Although it will cost more money later, it can also save a lot of energy.
After taking a deep look at him, Li Jiacheng smiled and said: "It seems that we can only cooperate in the future."
"In fact, we have a good cooperation opportunity now?"
"Oh?"
"I heard that Mr. Li is looking for a buyer and wants to sell Yangcheng Procter & Gamble held by Hutchison Whampoa. 20% of the company's equity?" Li Jiacheng nodded and said: "3G investment in Europe requires a lot of funds, and we are not allowed to sell some assets."
"I am very interested in this share. Interested, if possible, I would like to acquire it.”
"No problem, as long as the price is right, I'm happy to cooperate with Xu Sheng."
A smile appeared on Xu Liang's face.
Procter & Gamble, especially China Procter & Gamble, is a gold mine.
Olay, Head and Shoulders, Sassoon, Clairol, Rejoice, Pantene, Safeguard, Camel, Refresh, Gillette, Crest, Shuba, Pampers, Duracell, Blue Wave, Tide stains, all are well-known brands in the Huaxia chemical market.
Since its establishment, it has been the dominant player in the Huaxia chemical market.
If given the opportunity, of course he would like to win it.
"Sir, dinner is ready."
The Filipino maid came over and said.
Li Jiacheng stood up and said, "Xu Sheng, let's chat while we eat?"
"The guest is welcome."
"Please."
"Please."
When he came to the restaurant and looked at the table full of Shandong dishes, Xu Liang smiled and said, "Mr. Li is very interested."
"Xu Sheng is a distinguished guest of the Li family. It is our responsibility to entertain you well."
"Please sit down."
After everyone was seated, the guests and hosts began to eat and drink under the guidance of Li Jiacheng.
In the process, Hanhua's investment was inevitably involved. Xu Liang said what he could say, and what he couldn't say, he just laughed.
I left at eight o'clock in the evening.
Watching the car disappear into the darkness.
The smile on Li Jiacheng's face gradually calmed down.
He called his two sons to the study.
“You have all seen and heard today’s meeting, let’s talk about it.”
Li Zekai couldn’t wait to say: “Dad, I don’t think Xu Liang has the heart to invest in 3G. What’s the big investment in Q3? , the revenue is low; it’s just an excuse. If this is the case, why did he invest tens of billions of dollars in the global telecommunications industry?”
Li Jiacheng could not deny it.
“Zeju, what do you think?”
"I feel that half of the reasons given are true and half are false?"
"Continue."
"I think the real reason why Xu Liang gave up investing is not that the Q3 investment was too It is too big and the revenue cannot be balanced; but he is not sure about the future of 3G business and needs 2G business to hedge risks.
The acquisition of Hutchison Whampoa's telecom business is a retreat."
Li Jiacheng nodded slightly.
Li Zekai glanced at the eldest brother next to him jealously. He could see that his father was obviously more satisfied with his answer.
“Dad, why don’t we just sell the telecommunications business to Xu Liang? It’s too expensive, and no one knows when the 3G business will be profitable?
We might as well start with Sell it and invest the capital into the Huaxia real estate industry. When the direction of 3G development is clear in the future and the huge profit period of the Huaxia real estate industry has passed, we will sell the Huaxia domestic real estate and enter the European telecommunications industry," said Li Zekai.
Li Zeju frowned.
Li Zekai’s plan is indeed very feasible.
Compared with the staggering profits that China Real Estate can easily obtain, Europe's 3G business does have a bright future, but no one knows how long it will take to turn the future into actual profits.
Five years? ten years?
The cucumber vegetables are cold.
“You guys go out first.”
Li Jiacheng waved his hand.
The two brothers said 'good night' and turned to leave.
After the room returned to silence, Li Jiacheng stood up slowly and walked around in circles in the office.
Everyone who knows him knows that this is another problem.
(End of this chapter)