My 1999

Although his wealth could not afford such a large share, Xu Liang obviously allowed him to sell it, and he would definitely make a lot of money at that time.

"Thank you."

"Don't rush to say thank you. I will divide this share into four parts. After I successfully acquire Canal+ Group, I will give you one quarter, and after acquiring Vivendi Telecom, I will give you another quarter, and so on.

Only after I successfully acquire the entire Vivendi will I give it all to you."

Jean Foch nodded.

He was not surprised by this.

'Instalment payment' is a common operation in the business world.

It is extremely rare to pay it all at once.

After the two chatted for a while, Xu Liang got up and sent Jean Foch away.

"Mr. Xu, the shares of Pacific II Fund are extremely precious. Isn't it a waste to give them so many?" Lu Hui said.

"You can't catch a wolf without sacrificing a child.

As long as we can achieve our goal, let alone a fund share of less than 500 million US dollars, it doesn't matter if it is doubled."

The business system in Europe and the United States has given CEOs and management too much power.

The overly dispersed shareholdings made it impossible for the board of directors to intervene in the daily management of the company.

As long as he got through the management, his acquisition of Vivendi would be half successful.

"Lv Hui, find the information about Vivendi's telecommunications business."

"Okay."

The strategic information departments of Hanhua and Hongyan have done some research on major global groups, especially those that are highly related to Xu Liang's companies.

All kinds of information are very complete.

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 the changes in the French media industry.

As early as 1878, France established the Ministry of Posts, and the telecommunications business was uniformly managed by the General Directorate of Telecommunications (DGT) under the Ministry of Posts.

For a long time, the French telecommunications market has been monopolized by a single operator, France Telecom, with distinct institutional characteristics of "integration of government and enterprise" and "integration of government and supervision".

The early development history of the French telecommunications industry is actually the corporate development history of France Telecom.

It is no different from the current Chinese telecommunications industry.

It was not until the late 1980s that France Telecom began to plan reforms under the deployment and promotion of the European Union, but 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 Postal Department abolished the jurisdiction of the General Administration of Telecommunications in the introduction and implementation of industry policies.

In 1987, the French Parliament proposed to transform the General Administration of Telecommunications from a government department into a state-owned enterprise (limited liability company).

The French telecommunications industry was officially opened.

Vivendi also saw the opportunity of liberalization of the telecommunications industry and took the initiative to join this feast.

More interesting is.

In 1995, the French Parliament passed a bill allowing France Telecom to be restructured into a joint-stock company.

And it stipulates that the French government holds 51% of the shares, 25% of the shares are listed and circulated, and the rest are allocated to strategic investors and company employees.

Does it feel familiar?

State-owned shares, corporate shares, and circulating shares.

When Rabbit first started playing stocks, it was also this routine.

Obviously, Rabbit is playing with traditional skills and crossing the river by feeling the Gallic chicken.

Back to Vivendi.

The time when this water company entered the telecommunications industry was synchronized with the reform of the French telecommunications industry.

In 1996, Vivendi established a subsidiary, Cegetel Telecom, to meet the privatization of the telecommunications industry.

Cegetel Telecom has developed rapidly.

It is currently the second largest telecommunications company in France after France Telecom (SFR, which later developed into the second largest telecommunications operator in France, is now the mobile phone division of Cegetel Telecom).

The company's business includes wireless and wired telephones, Internet services, paging, and has 16 million users.

In 2004, it obtained a total revenue of US$5.8 billion and a pre-tax profit of US$2.24 billion.

It is now the largest profit department under 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 shares in Cegetel Telecom for 6.7 billion euros.

However, the 3G license bubble caused Vodafone to suffer heavy losses, and the offer failed to meet Vivendi's psychological price.

Later, after Vivendi reduced its debt by selling Universal Entertainment assets and Vivendi Games, it did not want to sell.

In addition to Cegetel Telecom in France.

In 1998, Vivendi also acquired a 53% stake in Maroc Telecom, one of the top telecommunications companies in Africa.

In addition to being the largest telecommunications company in Morocco, Maroc Telecom is also an important player in the telecommunications markets of former French colonies such as Burkina Faso, Gabon, Mali and Mauritania.

There are nearly 30 million users.

Unfortunately, the value of African users is too low. Although there are many users, the income is only one-third of Cegetel Telecom's 16 million users.

In 2004, the revenue was about US$3.4 billion, and the net profit before tax was about 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 France's former colonies that have a close relationship.

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, these telecom giants 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 rarely compete with billions of euros like in 2000.

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 information on Vidywang Telecom into the shredder next to him.

Seeing the complete paper turn into shreds, the surging greed seemed to be shattered.

After letting out a long breath, Xu Liang pinched his eyebrows.

If you want to acquire Vivendi Telecom, you will need at least 12 billion euros. Even after deducting debt, you will have to spend almost half of it 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 acquisitions 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 next most important thing is to strengthen on the basis of existing industries. "Xu Liang said.

——

Dong Dong…….

There was a knock on the door.

Seeing Vincent Bollore appearing outside the door, Jean Foch was not surprised at all.

"come in."

Bolore smiled slightly and stepped in.

The two of them came to the reception room of the room and sat down.

"any drinks?"

"A glass of whiskey," Bollore 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.

"Give."

"Thanks."

Bollore took a sip of the whiskey in his glass and said, "Jean, with your intelligence, I believe you know the purpose of my coming?"

"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 examination, just like the defense for university graduates when they enter a large company.

The purpose is to see if they are capable of taking on more important responsibilities. "

"It's that simple?"

"Otherwise? Xu is an excellent entrepreneur, businessman and financier. Although we have known each other for three or four years, our relationship has always been that of partners, not close friends.

Moreover, there cannot be any heart-to-heart friends between businessmen.

Do you think he will tell me all about his plans for Vivendi? "Jean Foch said.

Bolore put down his glass.

"Jean, the Bollore family will not give up Vivendi to anyone else."

Glancing at him, he said, "As long as you are willing to give up the Pacific Fund's investment share."

Vincent Bolore smiled and said: "Of course we are reluctant to give up the fund with the highest return rate in the world."

"so what?"

"So we will not block it outright, but we will make this matter a sensation throughout 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.

Withdrew 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, and he also likes money.

And even if he doesn't like it, his family does.

Unless he is willing to be abandoned and isolated by his family members around him, he is not a hindrance. "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 and he can give me enough money, it's that simple."

Meet Bolore's gaze.

"If Mr. Bolore can give me US$100 million, I can also help you acquire Vivendi."

Vincent Bolore's eyes twitched.

$100 million? !

If he really gave Vincent so much money, the family would tell him to get out.