Many investors in the UK are still in contact, and Li Zeju had good news. Canada's Rogers Communications is about to be acquired.
Rogers Communications is the second largest telecommunications service provider in Canada, including television, internet, landline telephone, wireless telephone, and many other services. At the same time, it also has a variety of services such as publishing and media.
If Li Zeju is not a Canadian citizen, this acquisition will not go through. Canada will not allow foreign investors to acquire such an influential company.
Therefore, Li Zeju made some concessions. He spun off Rogers Media, publishing, and TV stations. He only wanted the cable TV network, telecommunications company, and wireless communications company. He did not want the rest.
If the other party wasn't willing, they could even give the subsidiary brands of Rogers to them. They could also give up on the Rogers brand. Of course, this will lower the price.
Rogers Communications' shareholders do not agree to this acquisition. They are a listed company, and once they sell off their three main subsidiaries, their share prices will plummet. This will lower the value of their other subsidiaries, and they will suffer losses.
In fact, if it weren't for the death of their chairman cum CEO two years ago, they would never have sold Rogers Communications.
Based on their current share prices and their total assets, Rogers Communications' market value is only about 13 billion USD. No matter if it is Li Zeju or Feng Yu, this value is on the low side. This is because the company's share prices will continue to rise in the future, and the demand for internet will continue to increase.
In fact, South Korea and China's internet speed was the best among the countries in the world based on the ratio of internet speed and charging fees.
South Korea is a small country with high investments, and it has the best internet speed in the world. Although the pricing is high, it is not as high as the US and Japan.
China, on the other hand, is cheaper. This is because China has a higher utilization rate of the same length of fiber optic cables. There are more people in China.
After acquiring Rogers Communications, Feng Yu plans to increase his investment in internet development. He wants to beat his competitors and use this opportunity to enter the US market.
Li Zeju knew what Feng Yu was thinking and suggested to retain some of Rogers' shareholders. They will be the controlling shareholders.
The best way to enter the US market in the future is to merge with a US telecommunications company. Since he had to give up some shares anyway, he might as well give up some now. It would be easier for him to enter the US market in the future.
Of course, he had the same idea as Feng Yu. He couldn't have absolute control of the shares, but he had to at least secure more than 50% of the shares and voting rights to ensure that he had the most power.
If possible, he would buy as many voting shares as possible.
In this way, the Rogers brand could be preserved, and some of the shareholders of the Rogers Communications Company held a lot of shares in Sprint, which would be beneficial for them to acquire Sprint in the future and fully enter the US market.
Feng Yu agreed to the proposal, but he asked for as many voting rights as possible. He was willing to pay more for it. It would be great if Sprint could be acquired or even merged with them.
Even if Feng Yu does not have the controlling shares, as long as he wants, Feng Yu will be the boss of this telecommunications company. No one is qualified to compete with Feng Yu.
But Feng Yu also knows that he is not good at this. As long as the other party does not cheat him of his money, it doesn't matter who is the boss. Anyway, this company cannot enter the Hua Xia market, and it doesn't matter if they enter Europe or North America.
If Feng Yu can acquire the UK telecommunications company, he can still save a lot of costs even if he does not merge with the UK.
Most of Changshi's funds are tied up in the UK. If Feng Yu wants to buy the voting shares of Rogers' shareholders at a premium, he will not be able to do so.
Coincidentally, the other party does not want to be acquired by Changshi. So, Feng Yu and Li Zeju registered a joint venture company in Canada. Wind and rain will hold 60% of the shares, Changshi will hold 30%, and Li Zeju will hold 10% of the shares. Li Zeju will be the CEO of the company.
Rogers had temporarily suspended trading last week, and five of the seven major shareholders had reached an agreement. The remaining two shareholders are not willing to sell. One of them is a pension fund of a Canadian province, and the other is a Canadian state-owned asset.
Rogers spent a few billion USD to buy the shares of the five major shareholders, and the majority of the shares are voting shares. Although the shares they bought are only 57% of the total shares, they have 73% of the voting shares. The other two Canadian state-owned assets do not have much say.
At the same time, the cooperation negotiations with Sprint were also underway. They would acquire at least a portion of Sprint's shares and cooperate with each other.
Li Zeju said it will be difficult to merge the two companies, but there is still a chance. The main reason was that once they merged, the merged company would become one of the top telecommunications companies in North America, which would pose a great threat to other telecommunications companies. Those companies would inevitably use some trade organizations to obstruct the merger.
This needs to be done slowly and cannot be done overnight.
If Feng Yu can acquire the UK telecommunications company, it will be easier for both companies to merge. After all, Canada is also a British territory.
Also, Changshi also has telecommunications businesses in Hong Kong and Australia. If all these businesses are merged, the company's strength will be greatly increased, and the company's cost will be lowered. For example, hiring engineers and R&D facilities will save a lot of money.
They can even cooperate with Yidong Company in the mainland. Both sides can cooperate in communication technology, long-distance phone charges, and many other aspects. In the future, whether it is the shareholders or China's state-owned assets, they will all benefit from this.
Ralph represented Wind and Rain Holdings to attend to the matters in Canada. Ralph is in charge of the business in Canada, and he knows this is the most important business expansion for Feng Yu.
Feng Yu is still in the UK, waiting for Cameron's decision. In the past few days, he had been with Elena.
Three days later, Cameron told Superman Li to tell Feng Yu that Feng Yu can invest in THL, but he cannot sell all of his shares to Feng Yu, and Feng Yu cannot be the controlling shareholder.
Feng Yu does not mind this condition as long as Superman Li allows him to license his technologies to Hua Xia's companies.
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