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Chapter 697 [The Development of Telecommunications]

April begins on Thursday.

Lam Cho-fai came to the Hong Kong Telecommunications Building in Quarry Bay, which is one of Swire Properties' home bases - Taikoo Place. Taikoo Place has a total of eight buildings, two of which were sold to Swire Properties by New Era Group back then.

The property rights and naming rights of the Hong Kong Telecom Building were purchased by Hong Kong Telecom from Swire Properties in 1994. It is a modern building completed in the 1990s, with a height of 43 floors and a property area of ​​600,000 square feet. It is currently valued at just over HK$2 billion.

Before the 1997 crash, the Hong Kong Telecommunications Building was worth at least HK$3.5 billion, which was almost one-third of the price of Queen's Road in Central. After all, the location in Quarry Bay was quite different.

Hong Kong Telecom had 16,000 employees at its peak, and currently has 12,000 employees. It is a complete giant. This is the fact that Hong Kong Telecom is the third listed company in Hong Kong by market value. Before the rise of New Era Group,

It is second only to HSBC Bank.

It's a pity that such a huge company has gradually declined because it has exhausted its potential.

Of course, now that Lam Cho-fai has taken over, he will naturally give Hong Kong Telecom more "imagination" and "potential".

After two months of asset integration, Hong Kong Telecom has now undergone some changes:

First, New Era Group injected ‘Cyberport’ and ‘Era Telecom’s Hong Kong business’ into Hong Kong Telecom, increasing the group’s shareholding to 60%;

Second, the new management replaced the original management and became more powerful.

Under the leadership of an assistant, Lin Zuhui walked elegantly into the conference room, where all the senior executives of Hong Kong Telecom stood up.

Among them, Yuan Tianfan was a director dispatched by the New Era Group to Hong Kong Telecom. He originally knew that he did not need to stand up to welcome him. After all, his boss did not like this. However, since everyone was up, he naturally could not sit down.

"boss"

"Sit down, none of my companies would do this!"

Everyone sat down one after another. They even felt some pressure, which showed the influence of this new boss.

If in the past, Superman Li could still compete with Lin Zuhui, but now it is obvious that Superman Li and Lin Zuhui are not on the same level at all. One can only be said to be a 'world businessman', while the other is a 'top business giant in the world'.

After Lin Zuhui sat down, he looked at the current senior executives of Hong Kong Telecom. He did not plan to privatize Hong Kong Telecom, but planned to develop Hong Kong Telecom into a "Big Mac" technology/telecommunications company.

Therefore, the top management of Hong Kong Telecom are all very powerful top talents:

Director and President of Hong Kong Telecom: Ivey Lang is well-known in the Hong Kong telecommunications industry. He graduated from the Department of Mechanical and Electrical Engineering at the University of New South Wales, Australia. He participated in the plan to open up the Australian telecommunications market in his early years. In 1993, he was employed by the Hong Kong government

, as the Secretary of the Telecommunications Authority, Hong Kong's telecommunications market was able to break the monopoly situation. He made a lot of contributions and introduced competition mechanisms such as new fixed network operators and PCS operators to the mainland. In the early days of the establishment of the Information Technology and Broadcasting Bureau, he served as the special policy director

Consultant. Because he is very familiar with Hong Kong's telecommunications regulations and industry development trends, and is well-known in the telecommunications industry in the Asia-Pacific region, he was immediately recruited by Hong Kong Telecom.

Wu Qinghua, Director and Vice President of Hong Kong Telecom, graduated from the Department of Business Administration of the Chinese University of Hong Kong and served as the Managing Director of Hong Kong Telecom. He was later recruited by New Era Group as the President of 'Era Communications'. He is an experienced veteran in the telecommunications industry.

”, has also served as the president of the Hong Kong Communications Industry Association for several terms, and has a high status in the industry.

Zhong Chuyi, director and vice president of Hong Kong Telecom, joined the corporate finance department of Standard Chartered Bank in 1988 and became director and general manager of Benda International in 1990. In 1992, Huang Hongnian and Zhong Chuyi established China Strategy Group Co., Ltd. This company has always been led by Zhong Chuyi

In management. The reason why Zhong Chuyi joined Hong Kong Telecom was because he was invited by Yuan Tianfan.

Yuan Tianfan, one of the most famous figures in the Hong Kong stock market and financial circles, has known Zhong Chuyi since he was an investment banker. After Yuan Tianfan joined Lin Zuhui's company, he introduced many talents to Lin Zuhui.

"Tell me, what is the current situation of Hong Kong Telecommunications!" Lin Zuhui took the lead in saying in English.

Ivey Lang immediately said confidently: "Currently, we divide Xiangjiang Telecom's business into three parts:

First, the telecommunications business and Cyberport, which are the ‘operational’ parts of Hong Kong Telecom, because they can create a steady stream of cash flow;

Second, pcc business (Internet policy control and billing), broadband Internet services, and Internet video are also the "operations" part of Xiangjiang Telecom; we plan to cooperate with internationally renowned companies like Intel.

Third, Hong Kong Telecom established an Internet fund company, cwh, to specialize in venture capital. This is the "mergers and acquisitions" part of the company.

Xiangjiang Telecom should develop into a vopera-non like cmgi in the United States, with mergers and acquisitions and operations running in parallel..."

After listening to this, Lin Zuhui's expression did not change much. Lin Zuhui probably told Yuan Tianfan about these development models, and Ivey Lang and others only worked out the details, completed them, and implemented them.

Of the three businesses, the pcc business is the most "imaginative", but Lin Zuhui has to admit that this business is used to increase the stock price of "Heung Kong Telecom". As for how much results it can achieve, Lin Zuhui doesn't know, after all, he didn't listen

Talk about what great achievements Li Zekai achieved in his previous life.

What the pcc business has is also very imaginative:

For example: pcc first cooperated with local cable TV network operators to install a set-top box (set-top box) developed by pcc and Intel on the TV sets of cable TV users, so that users can use satellites and cable optical fibers in the future.

The broadband system can not only receive TV programs, but also provide broadband access to the Internet to conduct various e-commerce activities, including online shopping, bank financing, stock buying and selling, and business transactions between companies.

For example: changing the past practice of broadcasting sports events on cable TV and switching to the Internet for broadcasting (we will intervene as soon as possible when the Internet speed is sufficient in the future).

In short, pcc has unlimited room for development, because according to statistics, most countries in the Asia-Pacific region have slow economic development, and the use of computers and mobile phones is not widespread. The number of Internet users in Asia (excluding Japan) is only about 12 million

The penetration of the Internet is far lower than that in Europe and the United States. On the contrary, 70% of households have a TV. Taking India as an example, there are currently only 15 million computers in the country, while there are 63.5 million TV sets; China has more than 70 million cable TV users.

, the coverage rate is higher than that of the United States. PCC plans to focus on India, China, and Japan.

After listening to all the reports, Lin Zuhui just warned: "cwh fund can report to me before investing in Internet companies, and try its best to invest in emerging Internet markets, such as the mainland; as for the United States, although it is the year of the Internet explosion, there is still a bubble

It’s a bit serious, it’s an Internet company and the prices are extremely high.”

Zhong Chuyi, who is in charge of investment business, immediately said: "Okay, boss!"

Lin Zuhui nodded and said: "If there is an opportunity and my personal investment company encounters a good project, I can also bring this fund with me."

For a moment, everyone looked surprised.

Who is this boss?

That was an Internet investment tycoon. There were so many successful investment cases that he was even rated by the American media as the technology tycoon second only to Bill Gates, which shows how strong he is.
Chapter completed!
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