There are still many investments from the UK that are in contact. Good news came back from Li Zeju that the acquisition of Canada's Rogers Communications is in sight. ?? ｗ?ｗ?ｗ?．
Rogers Communications is Canada's second largest communications service provider, including television, Internet, wired telephone and wireless telephone and other businesses, as well as publishing, media and other businesses.
If Li Zeju was not a Canadian, this acquisition would never be negotiated. It would be impossible for Canada to allow foreign capital to acquire such an influential enterprise.
So Li Zeju made some concessions and divested Rogers Media, publishing, television and other businesses. As long as the three subsidiaries were the cable TV network, telecommunications company and wireless communication company, he could do without the others.
Even if the other party is unwilling, then we can just give them the Rogers sub-brand, or they don’t need the Rogers brand. Of course, such a price would be much lower.
The shareholders of Rogers Communications do not agree with this acquisition. They are a listed company. Once their three main subsidiaries are sold, their stock prices will inevitably plummet, causing the value of their other subsidiaries to also decrease, and they will lose money.
In fact, if their chairman and CEO hadn't passed away two years ago, they would never have sold Rogers Communications.
Based on their stock price listed in New York at this time, plus their total share capital, the market value of Rogers Communications is only about 13 billion U.S. dollars. Whether Li Zeju finds someone to calculate it, or Feng Yu finds someone to calculate it, this The values are all on the low side. Because the stock prices of communication companies will definitely rise in the future, and the demand for networks will continue to increase in the future.
In fact, in terms of global network speed and charging price, South Korea and China are among the best countries.
Needless to say, South Korea is one of the countries with the best global network because of its small size, large investment, and global network. Although the fees are not low, they are not as high as those in the United States and island countries.
Huaxia is cheaper because by erecting optical cables of the same length, Huaxia has a higher utilization rate because of the large number of people and density.
After the acquisition of Rogers Communications, Feng Yu also planned to increase investment in network construction to defeat competitors in terms of speed and use this to aggressively enter the US market.
After Li Zeju learned about Feng Yu's expectations, he made a suggestion, which was to retain some of Rogers' shareholders and let them control the company.
In the future, the best way to enter the US market is to merge with a US communications company. Since we have to give up some shares anyway, it is better to give up some now. It will be easier to enter the US market in the future.
Of course, he and Feng Yu have the same idea, and they cannot have absolute controlling rights, but they must at least guarantee more than 50% of the equity and voting rights to ensure they have the greatest power.
Even if possible, acquire as many voting shares as possible.
In this way, the Rogers brand can still be preserved, and among the shareholders of Rogers Communications, some of them hold a lot of shares in Sprint Communications, which will have great influence on their future mergers and acquisitions and full entry into the US market. Big benefits.
Feng Yu agreed to this plan, but asked to hold as many voting rights as possible, even if it cost more money. It would be great if Sprint could acquire them, or even merge them.
Even if he does not have a controlling stake for the time being, as long as Feng Yu thinks about it, the boss of this communications company must be Feng Yu. No one is qualified enough to compete with Feng Yu for the right to speak.
But Feng Yu himself knows that he is actually not good at this at all. As long as the other party doesn't cheat his money, it doesn't matter who is the boss. Anyway, this company can't enter the Chinese market. Just go to North America and go to Europe. It doesn't matter.
If communications companies here in the UK can also be acquired, then even if there is no merger, a lot of costs can be saved after some businesses are expanded.
Most of Cheung Kong's funds are tied up in the UK. If it wants to acquire the voting shares from Rogers shareholders at a premium, it will be unable to do so.
It just so happened that the other party did not agree to be directly acquired by Changshi, so Feng Yu and Li Zeju joined forces, and the two re-registered a joint venture in Canada at the request of the other party. Fengyu Holdings held 60% of the equity, and Changshi held 60% of the equity. Owning 30% of the shares, Li Zeju personally owns 10% of the shares, and Li Zeju serves as the president of the company.
Rogers has temporarily suspended trading last week. Five of the seven largest major shareholders have reached an agreement, and the remaining two are unwilling to sell. One of them is a pension fund of a Canadian province, and the other is also a state-owned asset of Canada.
Billions of dollars were spent to acquire shares from five major shareholders, mainly voting shares. Although the number of shares they purchased only accounted for 57% of the total share capital, their voting rights already accounted for 73%. The other two Canadian state-owned assets had little say.
At the same time, cooperation negotiations with Sprint Communications of the United States are also in progress. They will then acquire at least a portion of Sprint's stock and then collaborate.
As for whether the merger will eventually happen, Li Zeju said it will be difficult, but there is no chance. The main thing is that once merged, the merged company will become one of the top communications companies in North America. It will pose a great threat to other communications companies, so those companies will inevitably use some trade organizations and other institutions. To obstruct.
This needs to be figured out slowly and cannot be accomplished overnight.
On the other hand, if the British communications company is acquired, the merger between the two parties will be slightly easier. After all, Canada is also British.
Moreover, Cheung Kong itself also has communications businesses in Hong Kong and Australia. By merging all these together, the company's strength will be greatly improved and costs can be reduced. For example, some engineers, R&D institutions, etc. can save money. A lot of money.
We can even cooperate with Yidong Company in the Mainland. The two parties can cooperate in many aspects such as communication technology and long-distance phone charges. In the future, both their shareholders and Huaxia Huaxia State-owned Assets will benefit from this.
On behalf of Fengyu Holdings, Ralph went to work on things there. Ralph was personally in charge of the business in Canada. He knew that this was the business expansion that the boss valued most at the moment.
As for Feng Yu, he is still staying in the UK, waiting for Cameron's decision. And these days, I have been with Elena.
Three days later, Cameron told Feng Yu through Li Chaoren that THL Company could allow Feng Yu to take shares, but it could not sell them all to Feng Yu, and the controlling party could not be Feng Yu.
Feng Yu didn't care about this condition, as long as the other party allowed the technology to be licensed to Chinese companies. (To be continued...)