giants of the era

Chapter 262 AT&T Company is Scared
The name of United-Telecommunications is too long, but Li Zetian still likes to call it Sprint.

Preliminary estimates put Sprint's market value at around $25 billion.

Umbrella still has $57.5 billion in reserves on hand and should be able to buy it.In addition, Li Zetian already owns Wells Fargo Bank, so it is not a problem to borrow money to acquire it.

In the local local telephone business, the seven small Bell companies have monopolized more than 80%, followed by the largest local telephone company independent of AT&T - GTE Corporation of the United States.As for Sprint, it may not be able to squeeze into the first ladder.However, Sprint focuses on technology research and development and is one step ahead in fiber optic communication networks.

Li Zetian prefers companies with an engineer culture and technology-oriented. Throughout history, the market is often subverted by new technologies, so Sprint's rise is inevitable.

Sprint was founded in 1899 and has a long history. The company's shareholders are very scattered, and even the highest shareholder's shares do not exceed 10%.Many shareholders hold shares only as an investment. If someone pays a high price to buy them, they are naturally willing to sell their shares. Therefore, this gives Li Zetian an opportunity.He plans to secretly contact Sprint shareholders, acquire their shares, wait until the shares exceed 50%, and then disclose his identity as a major shareholder, announce a financing plan, invest huge sums of money to dilute the shares of other shareholders, and further control more shares .

It will take some time for the secret acquisition, and when acquiring their shares, they can also acquire them in the name of other companies. If they know that it is Li Zetian who wants to acquire their shares, they will definitely ask for exorbitant prices.

Right now, the National Science Foundation of the United States has just started to build the NSFNET network, so Li Zetian doesn't need to worry too much.

While secretly paying attention to the acquisition, he thought about how Sprint should develop in the future.Li Zetian's understanding of the future telecommunications industry is only a rough idea, but since he has invested in a telecommunications company, he has to develop it with care.

Li Zetian watched many development models of telecommunications companies at home, and then combined with his previous life memories, he began to make a future plan for Sprint.

First, establish a global optical fiber communication network. While developing the Internet, develop long-distance telephone business by the way, but long-distance telephone is not the focus.

Second, try to seize the "last mile", acquire or cooperate with local telephone companies, and strive to achieve "fibre-to-home" in the future.

Third, to establish wireless base stations and develop wireless communication services, European GSM or Qualcomm's CDMA network are good choices.In the future, everyone has a mobile phone, and wireless communication is very important!

……

Li Zetian just wrote a general development policy. As for the specific content, he, a layman, left it to professionals to solve.

In a blink of an eye, more than a month later, Li Zetian successfully acquired more than 50% of the shares of Sprint, spending 14.5 billion US dollars.Later, he and Dongfang Yuqin came to Sprint.

Although it is said to be a secret acquisition, there is no impenetrable wall in the world. Some people are unwilling to sell shares, so the news spread in a small area.However, although Sprint has learned that someone is secretly buying their shares, it does not know who is buying and how many shares it has acquired.

At this time, when they saw Li Zetian coming to the company, people couldn't help being shocked.

"It's been rumored that someone secretly bought our company's shares recently? Could it be Chronos Li?"

"I think it's very possible! Otherwise, why would Chronos Li come to our company suddenly?"

"..."

The employees talked a lot.

Soon, Sprint CEO Edgar Carr and other executives came.

"Hi, Mr. Li, welcome! I'm Edgar Carl, CEO of United-Telecommunications."

Edgar Carr spoke in a respectful tone.At this time, he has realized that Li Zetian may be the person behind the secret acquisition of Sprint shares. The reason why he came to the company this time should be that he has enough shares in his hands. In other words, he will be the new boss of Sprint from now on. up!
Li Zetian nodded with a smile. He knew all about Sprint executives, "Well, hello, Edgar Carl, please call all the company's main executives to the conference room!"

Edgar Carl hesitated for a moment. Li Zetian had not announced his identity yet, but gave orders like this, which made Edgar Carr a little difficult to handle.However, Edgar Carl did not hesitate long and followed Li Zetian's wishes.

"Okay, Mr. Li, I'll ask the secretary to notify everyone right away! Please follow me to the conference room." Edgar Carle said while winking at the secretary.

Not long after, more than 20 people gathered in the conference room.

Li Zetian sat in the first position on the right, glanced at everyone, and said indifferently: "Yes, as everyone guessed, I was the one who asked people to acquire the shares of United-Telecommunications. So far, I have owned 51.2% of the shares!"

As soon as the words fell, the audience was in an uproar.

Everyone did not expect that Li Zetian had secretly purchased so many shares and already had an absolute controlling stake.

At this time, Dongfang Yuqin took out the equity transfer contract from the document bag and showed it to Edgar Carl. After reading it, Edgar Carl nodded to everyone and said, "Mr. Li does own 51.2% of the company's shares! "

After finishing speaking, he immediately stood up and gave way to Li Zetian, "Mr. Li, you are the big boss of the company, please sit up."

Li Zetian waved his hand and let him continue to sit there, "It's okay, you continue to sit, I will simply say a few words, and then leave."

Edgar Carle nodded and sat back in his seat.

Li Zetian said at this time: "Things are very simple. First, let everyone know me. From today, I will be the new chairman of the company; Combination is conducive to brand promotion; third, I will inject $10 billion into Sprint later to accelerate the company's development."

"Yes!!!" Everyone responded in unison.

"Oh, by the way, Galaxy Networks has a strong capability in network technology development, and the two companies can strengthen cooperation! For example, this time to build a nationwide optical fiber communication network, you can find Galaxy Networks for optical fiber cables and telecommunication equipment. "Li Zetian said suddenly, the so-called "fertile water does not flow into the field of outsiders", it is natural to choose Yinhe Network Company for optical fiber cables and telecommunication equipment.

Everyone nodded, no objection.They all knew that Yinhe Network Company was owned by Li Zetian, so who would dare to raise objections?Besides, Galaxy Networks does have strong competitiveness in the network field.

"In addition, I think we should start to build a global optical fiber communication network. A submarine optical fiber cable can be laid on the west coast to Asia, and a submarine optical fiber cable can be laid on the east coast to Europe!"

When everyone heard the words, they couldn't help being shocked by Li Zetian's generous writing.He is worthy of being the richest man in the world, with extraordinary moves.

However, how did they know that Li Zetian did this to allow Asia and Europe to connect to the US Internet as soon as possible.

"Okay, let's do it like this!" After Li Zetian finished speaking, he stood up and bid farewell to everyone.

As soon as Li Zetian and his party left, the Sprint company suddenly seemed to be blown up, and it was extremely lively.

"Oh, God, Chronos Li really became our boss? Oh, I can't believe it, it's so good! It feels like I have a special face to wear the Sprint nameplate in the future!!!"

"That's true! Our company is not ordinary now, and finally got bullish! This time, Chronos Li injected $10 billion into Sprint. In the future, our company will not be able to develop as fast as a rocket! Even if We are not afraid to compete with AT&T!!!”

"..."

In fact, when the news of the change of ownership of United-Telecommunications came out, it immediately shocked the industry. Even a telecommunications giant like AT&T could not help but feel that it was facing a formidable enemy, because the boss of the other party was Li Zetian, who wrote countless Mythical legends! ! !
On that day, AT&T's stock price fell by 5%, which made people smack their tongues secretly!
It's unprecedented for one person to scare the telecom giant like this...

(End of this chapter)