Chapter 885 Vivendi Telecom
Although his net worth cannot afford such a large share, Xu Liang obviously allowed him to sell the share, and he will definitely make a lot of money by then.
"Thank you."
"Don't rush to say thank you. I will divide this share into four parts. After I successfully acquire the Canal+ Group, I will give you a quarter. After acquiring the Victoria Wangdi Telecom will give you another quarter, and so on.
Only after I successfully acquire the entire Vivendi, I will give it all to you. ”
Jean Foch nodded.
He was not surprised by this.
‘Instalment payment’ is a common practice in the business world.
It is extremely rare to pay in full.
After the two chatted for a while, Xu Liang got up and sent Jean Foch away.
"Mr. Xu, the shares of the Pacific Phase II Fund are extremely precious. Is it too wasteful to give them so much?" Lu Hui said.
“If you don’t want to give up your children, you can’t trap the wolf.
As long as we can achieve our goal, let alone the fund share of less than 500 million US dollars, it doesn’t matter even if it is doubled.”
< br>The European and American business systems give CEOs and management too much power.
The shareholdings are too dispersed, making it impossible for the board of directors to intervene in the daily management of the company.
As long as he gets through the management, his acquisition of Vivendi will be half successful.
"Lv Hui, find out the information about Vivendi's telecom business."
"Okay."
The strategic information departments of Hanhua and Hongyan Major global groups, especially those that are highly related to Xu Liang's companies, have conducted certain research.
All kinds of information are well prepared.
Vivendi, whose main business is media, is naturally one of them.
Soon, the information Xu Liang wanted was faxed from Hongyan.
Vivendi’s investment in the telecommunications industry began with changes in the French media industry.
As early as 1878, France established the Ministry of Post, and telecommunications services were unifiedly managed by the Directorate General of Telecommunications (DGT) under the Ministry of Post.
For a long time, the French telecommunications market has been monopolized by one operator, France Telecom, with distinct institutional characteristics of "integration of government and enterprise" and "integration of government and supervision".
The early development history of France Telecom is actually the history of France Telecom's corporate development.
It is no different from the current Chinese telecommunications industry.
Until the late 1980s, France Telecom began to brew reforms under the deployment and promotion of the European Union. However, the reforms during this period were mainly fine-tuning within the system and had little impact on the entire telecommunications market.
In 1986, the French Post Office abolished the jurisdiction of the General Directorate of Telecommunications in the introduction and implementation of industry policies.
In 1987, the French Parliament moved to transform the General Directorate of Telecommunications from a government department into a state-owned enterprise (limited liability company).
The French telecommunications industry is officially open.
Vivendi also saw the opportunity of liberalization of the telecommunications industry and took the initiative to join this gluttonous feast.
The more interesting thing is.
In 1995, the French Parliament passed a bill allowing France Telecom to transform into a joint-stock company.
It is also stipulated that the French government holds 51% of the shares, 25% of the shares are listed for circulation, and the remainder is allocated to strategic investors and company employees.
Does it feel familiar?
State-owned shares, legal person shares, tradable shares.
When Rabbit first started playing stocks, he followed the same routine.
Obviously, the rabbit used a traditional skill to cross the river by touching the Gallic chicken.
Back to Vivendi.
The water company's entry into telecoms coincided with reforms in France's telecoms industry.
In 1996, Vivendi established Cegetel Telecom, a subsidiary, to welcome the privatization trend in the telecommunications industry.
Cegetel Telecom is developing rapidly.
It is currently the second largest telecommunications company in France after France Telecom (SFR later developed into France's second largest telecommunications operator and is now the mobile phone division of Cegetel Telecom).
The company's business includes wireless and wireline telephony, Internet services, and paging, and has 16 million users.
In 2004, it achieved total revenue of US$5.8 billion and pre-tax profits of US$2.24 billion.
It is now the largest profit department of Vivendi.
Vivendi owns 56% of Cegetel Telecom, and the remaining 44% is in the hands of Vodafone.
In 2002, Vodafone hoped to acquire Vivendi’s stake in Cegetel Telecom for 6.7 billion euros.
However, the 3G license bubble caused heavy losses to Vodafone, and the quoted price failed to meet Vivendi's psychological price.
Later, after Vivendi reduced its debt scale by selling Universal Entertainment assets and Vivendi Games, it no longer wanted to sell.
Except Cegetel Telecom located in mainland France.
In 1998, Vivendi also acquired a 53% stake in Morocco Telecom, one of Africa's top telecommunications companies.
In addition to being the largest telecommunications company in Morocco, Morocco Telecom is also an important player in the telecommunications market of former French colonial countries such as Burkina Faso, Gabon, Mali and Mauritania.
Nearly 30 million users.
Unfortunately, the value of African users is too low. Although the number is large, the revenue is only one-third of Cegetel Telecom's 16 million users.
The revenue in 2004 was approximately US$3.4 billion, and the pre-tax net income was approximately US$1.37 billion.
In addition, when Vivendi acquired Havas News Agency and NetHold, a large European pay TV company, it also acquired the telecommunications departments of these companies.
However, because the scale is small, the revenue is not large.
In order to make up for the financial hole, basically everything was sold.
Vivendi's telecom business now mainly consists of two parts.
Cegetel Telecom in France, and Morocco Telecom in the African continent.
Basically, they are making a fuss about France and its former colonies that have a close relationship with France.
Putting down the information, Xu Liang had a hint of thought on his face.
Although Vivendi Telecom is not as large as Vodafone, Deutsche Telekom, and France Telecom, which span most of Europe. But it has a big market in France and Africa.
The foundation is good and it is a high-quality market with great potential.
In addition, the 3G license crisis in 2000 is gradually becoming a thing of the past. As broadband speeds continue to increase, there are more and more mobile Internet value-added service models, and the market is gradually maturing.
Nordic countries, the Netherlands and other countries are preparing to re-auction 3G licenses.
After the major telecommunications companies have suffered, they have gradually become more rational in the face of new licenses. They are rarely like in 2000, when competition for billions of euros was always possible.
So, now is a good opportunity to enter the European telecom market.
After sitting on the chair and pondering for a long time, he threw the Vidywang Telecom information into the shredder next to him.
Looking at the complete paper turned into shreds, the surging greed seemed to be shattered.
After taking a long breath, Xu Liang pinched his eyebrows.
To acquire Vivendi Telecom, at least 12 billion euros are needed. Even after deducting debt, almost half of it is required in cash.
Of course Xu Liang can come up with the money.
But it will definitely drain Hongyan’s cash flow and affect the subsequent acquisition of Canal+ Group and its investment in the subprime mortgage crisis.
“Calm down and exercise restraint.
We can no longer blindly expand industrial boundaries.
The most important thing next is to strengthen the existing industries.” Xu Liangliang road.
——
Dong dong….
There was a knock on the door.
Looking at Vincent Bollore appearing outside the door, Jean Foch was not surprised at all.
“Come in.”
Bolore smiled slightly and stepped in.
The two came to the reception room of the room and sat down.
"What to drink?"
"A glass of whiskey." Bolore smiled.
Gulu.
The light yellow wine liquid floats in the glass, and under the bright light, it looks like a piece of transparent yellow amber.
"Here."
"Thank you."
Bolore took a sip of the whiskey in his glass, "Jean, with your intelligence, I believe it is clear that I will come." The purpose?”
“Ask me about the content of my conversation with Xu Liang”
"That's right."
"It's actually very simple. He asked me about my plans for the future development of Vivendi. This is a kind of school examination, just like university graduates entering a big company. The purpose of the defense is to see if they are capable of taking on more important responsibilities."
"Is it that simple?"
"What if? Excellent entrepreneurs, businessmen and financiers. Although we have known each other for three or four years, we have always been partners, not close friends.
Moreover, there cannot be any heart-to-heart friends between businessmen.
Do you think he will tell me all his plans for Vivendi? "Jean Foch said.
Bolore put down his wine glass.
"Jean, the Bollore family will not give Vivendi to others. "
Glanced at him, "As long as you are willing to give up the investment share of Pacific Fund. ”
Vincent Bolore smiled and said: "Of course we are reluctant to give up the fund with the highest return rate in the world."
"So?"
"So we will not block it explicitly. , but this matter will cause a sensation in France in a short period of time. If our dear Xu can overcome the fierce public opinion, then the Bollore family will recognize his ability to withdraw from the competition for Vivendi. .
If it doesn’t work, it’s none of our business, it’s a matter of his own ability.
Moreover, Le Maire of the Ministry of Economy and Finance is a pure right-wing lunatic who hates people of color the most. "
"Le Maire is a madman, but not a fool. He also likes money.
And even if he doesn't like it, his family does too.
Unless he is willing to be abandoned and isolated by his family members, he is not an obstacle. "Jean Foch said.
"That's right. No one in this world doesn't like money, but how many Pacific Fund shares does our dear Mr. Xu have in his hand that he can squander?
And human nature is greedy.
Those who do not get a share, out of jealousy, will instinctively oppose to get a share.
He cannot satisfy everyone.
This is the source of the contradiction. "
Foch said calmly: "He does not need to satisfy everyone, he only needs to satisfy a small number of people who hold power. ”
Vincent Bolore's eyes sharpened instantly.
"Jean, it seems you were bribed by him?"
Foch nodded unabashedly.
"I like money, he can give me enough money, it's that simple."
Meet Bolore's gaze.
"If Mr. Bolore can give me 100 million US dollars, I can also help you acquire Vivendi."
The corners of Vincent Bolore's eyes twitched.
One hundred million dollars? !
If he really gave Vincent so much money, the family would tell him to get out.
(End of this chapter)