Chapter 114 Turning an Enemy Into a Friend

"Congratulations, Mr. Stephenson, and congratulations on returning to work at AT&T!" Eva Stephenson said friendlyly. Although there is some tension between Yota and AT&T, it is mainly because of Yabu AT&T, under Rahan, was aggressive with Yota Communications. Stephenson is still a great benefactor of Yota Communications.

"There's nothing to celebrate about Eva, but Yota Communication, which is no longer the startup company it used to be! But I'm a little curious, don't you really plan to let Yota go public?" Stephenson asked curiously.

"yota is developing very well now, we don't need capital to tell us what to do, I like the feeling of being in control of everything, once it goes public, there will always be people who will make irresponsible remarks about our business!" Eva patiently explained to Stephenson .

"By the way, what is the progress of your Iridium company?" Stephenson looked at him from left to right. The real purpose was for Iridium company. The company's user growth rate has begun to decline sharply, and in stark contrast, the number of users and business volume of AT&T's mobile phones is growing at a rate of 70% per year. This increase and decrease speak volumes for the future of the telecommunications industry.

"Stephenson, do we still need to go around in circles like this? I know what your purpose is for coming today. Why don't you just talk about what you want and what you are willing to give?" Eva said straightforwardly.

"We, AT&T, want to take a stake in Yota!" Stephenson said bluntly.

"It's impossible, Yota doesn't accept other investors, never will!" Eva refused mercilessly.

"Listen Eva, the cooperation between our two companies can give each other what they want most. If your mobile communication does not intervene in AT&T's telephone network, it can only be a tool for most ordinary users. A flashy toy. I don’t deny that Yota’s mobile communication technology has many unique features, such as your SMS function and some value-added service functions. But how much does a Yota terminal cost, I’m afraid the cheapest $1,000..." Stephenson said earnestly.

"This price is only for now. We have a world-renowned consumer electronics manufacturer on our board of directors. We are confident that we can reduce the price and cost to half of the current level." Eva still stubbornly rejected Stephenson's suggestion.

Stephenson's face was a little uneasy. He was also a well-known figure in the business world, but now he wanted to beg a little girl. Although the expression on Stephenson's face did not change, his thumb pressed hard on his knuckles, and his fingers turned white.

"Mr. Stephenson, how about we change the way of cooperation?" Eva suddenly said in reverse.

"How do you want to cooperate?" Stephenson finally breathed a sigh of relief when he mentioned this sentence. He didn't want to get into trouble with this woman, because this time Stephenson also took the task of AT&T's board of directors to break the current relationship between the two companies. The company is in an endless situation.

"Mr. Stephenson, I still have about 75% of Iridium's shares in my hand. You see, it's better to give up 15% of the shares, and AT&T can exchange the same share of shares. !” Eva suddenly said to Stephenson, this was a strategy that Peterson and Eva had drawn up before meeting Stephenson, because Peterson also saw the limitations of satellite mobile communication in the environment. In densely populated areas, the performance of satellites is much worse than that of terrestrial base stations. In addition, if you can't talk directly to landline users, the practicality of the Iridium system will be greatly reduced.

"It's not a bad suggestion.

How many shares do you want? "Stephenson has always been at a disadvantage in the face of Eva, who is up for grabs. Now Eva has finally revealed her true colors. This woman actually wants AT&T shares. AT&T is a listed company, and Iridium It has not yet been officially put into operation, and Eva is simply a white wolf with empty hands.

"Well, I will exchange 15% of Iridium's shares for 15% of your company's preferred stock. In addition, I am also willing to transfer network solutions to Iridium, and you can share the network plan It will also be operated on the platform of Iridium Company." Eva Lion said with a big mouth. Exchanging the original shares of Iridium for the preferred shares of AT&T was a deal that AT&T lost.

"Eva, 15 percent is too much. I estimate that the board of directors will give up 10 percent at most. If you want, you can buy part of the stock from the open market!" Stephenson calculated in his mind, according to the current According to the bids of shareholders who have already subscribed for the shares of Iridium, the company's valuation has reached 50 billion, and once Iridium has obtained the technical authorization of Yota Communications, it can use Yota's network technology for free, then It means that yota has injected about 40 billion US dollars of capital into this company again. Then the overall market value of Iridium is close to 100 billion, which is very close to the market value of AT&T.

"Fifteen percent, this is the bottom line of cooperation!" Eva insisted.

"This is preferred stock, not common stock, up to 10%, but we can compensate you in other ways!" Stephenson also insisted on keeping the price unchanged.

"Okay, I can give you fifteen percent, but you are going to inject the existing network assets into Iridium. Besides, I am also interested in something in your company! I heard that Bell Experiment The optical fiber technology in the laboratory is very mature, I think if you hand over this technology to Iridium, I can cooperate with you according to the method you proposed!" At this moment, Eva suddenly mentioned AT&T Something that has been working hard.

"Optical fiber, you know it very well? But how can this kind of thing be taken out casually? This is the painstaking effort of Bell Labs for many years!" Stephenson insisted.

"Mr. Stephenson, NTT's optical fiber technology is also mature, but I am unwilling to transfer the shares to them. The more shares I hold in AT&T, the more I will care about the interests of this company! "

...

A few days later, the capital market on Wall Street was once again thrown into disarray by Bloomberg's revelations. AT&T, which had been in dire straits, suddenly announced that it would swap shares with Iridium. Integrate its own network business into Iridium. The small Iridium company has already set foot in the two trillion-level investment blue oceans of the network market and the satellite communication market before it officially operates. ...

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