Eric opened the information handed over by Chris and started reading it.

Compared with the giant at-t in the telecom industry with a market value of more than 80 billion yuan at this time, the other two large telecom companies trying to enter the mobile communications market are far inferior.

Its predecessor was Bell Atlantic, which was dismembered from the original At-T in the telecommunications monopoly case in 1984. After ten years of development and integration, its current market value is billion. However, it has been in a state of sluggish performance in recent years, and it lost $754 million last year.

In comparison, the market value of non-Bell-based companies is only US$10.5 billion, but its operating conditions are far better. The annual profit in 1994 reached 880 million. Perhaps it was stimulated by this good performance and ambitiously wanted to deploy wireless communication networks nationwide. So he took action in the auction of A and B segment licenses. The wireless spectrum license he obtained even exceeded the total of At-T and the two major telecommunications giants and will therefore bear up to US$1.5 billion in spectrum authorization fees. Just this expenditure is equivalent to the company's net profit for two years in the current good operating state.

After reading the information, Eric also understood why Chris just said that it was not impossible to pull Him into the DMA camp.

Although these two companies are considered giant companies in the US telecom industry, they are far from being compared with the big brother at-t.

Due to several mergers and acquisitions in recent years, it has accumulated a huge debt of US$8.9 billion, equivalent to 38% of the company's market value. This is also the main reason for the continuous losses in recent years. This spectrum license auction has increased its debt expenditure by about US$600 million. If it wants to complete the construction of the mobile communication network and successfully operate it, the debt ratio in the next few years is likely to exceed 50%.

The situation is not necessarily very good. Although its original operating conditions are excellent, the company's expansion in the mobile communications field is too large, with US$1.5 billion in spectrum license expenditure and the huge amount of funds required for the construction of a nationwide mobile communication network in the next few years. It may even allow it to take a long time to continue to lose money in the future.

The wealthy At-T can make a decision to choose GSM technology as its mobile communication network standard without hesitation, without considering the factors such as GSM may be eliminated by more advanced third-generation communication technologies in the future. However, the financial situation is very tight and requires careful consideration of the cost factors of the technical standards they choose next in the process of communication network construction. Although DMA technology has not yet been commercialized, many experimental evidences have proved that DMA has huge advantages over second-generation digital communication technologies such as GSM in terms of spectrum capacity and network construction costs.

Chris patiently waited for Eric to finish reading the information and said: "In addition to the factors of DMA itself, if Firefly shows interest in the telecom industry and publicly spends Qualcomm, it is very likely that it will be tilted towards DMA, because as the debt burden of the two companies further expands, the difficulty of obtaining funds will be greatly increased, while Firefly has the rich funds they are extremely eager for. Even if we do not provide direct financial support to these two companies, they will also tend to cooperate with Qualcomm, which has the strong strength of Firefly as a backing."

Eric nodded, leaned his body against the sofa, gently rubbing the information in his hand, but some other thoughts arose in his mind.

No matter in any country, the telecom industry is under the monopoly of some giants. If it were not for the famous telecom antitrust case in 1984, At-T would definitely be the company with the highest market value in the United States, even if it was split out seven subsidiaries. At-T, which had a market value of more than US$80 billion, was still the top five corporate giant in the United States, and General Electric, the number one, had a market value of only more than US$90 billion.

Although in the United States, the monopoly of at-t did not occur with administrative support, and even if at-t wants to further expand, it will be subject to the constraints of the antitrust department of the federal government, even after a large-scale split, the actual monopoly state of at-t is difficult to break, because after more than a hundred years of development at-t, it has a complete national fixed-line communication network. This network is not only cost a lot, but it is not easily built in three or five years. Many emerging companies want to develop their telecommunications business, most of the time they even need to rent communication lines from at-t. In this case, it is basically impossible for latecomers to catch up or even surpass at-t.

However, in the past few decades, with the arrival of the new technology wave, two important opportunities have emerged to break the industry pattern, the rise of the mobile communication industry and the network broadband industry. Both industries are in their infancy. Except for Eric, a time traveler, no one knows what scale these two industries can develop to the future. However, Eric is very clear that twenty years later, any of the two major industries, mobile communications and network broadband, will far surpass the landline service that at-t, which is based on its monopoly position. Even before Eric is reborn, many families no longer installed landlines, but mobile phones and broadband have gradually become a must-have in people's lives.

Although the recent auction of licenses was delayed due to the absurd lawsuit, which indicates that later generations still have many industry barriers, whether light or dark, to enter the telecommunications industry. However, these barriers are nothing to Eric, who already has huge capital in his hands. In some online game terms in later generations, he does not have to start from scratch like those novice village accounts, but can spend money to buy a good high-level account and enjoy the fun of the game directly. At this time, he has two good "game accounts".

Eric still knows some of the future development prospects of these two companies and at-t will be the three giants in the US telecom industry in the future. He guessed that this situation in the future should be caused by the three companies, especially the current layout of mobile communications. At this time, some other American telecom companies that are comparable to those of the same strength, such as Southern Bell and Northern Telecom, should have missed this important industrial change and were gradually eliminated by the market or swallowed up by other companies.

Moreover, because paying the spectrum license authorization fee and building a nationwide mobile communication network requires huge funds, now is the best time to invest in these two companies. Eric knows that this should be the last moment. If you miss it, it may be difficult to have another chance. Because of the arrival of the new technology wave, when the Nasdaq index begins to soar wildly in the next few years, whether it is or, you only need to issue a small amount of stocks to the circulation market to raise enough development funds. Therefore, it is impossible to introduce Firefly's major shareholders who change the company's equity structure in this way. Even if they are willing, Firefly can't provide enough funds when the market value of the two companies soars.

Seeing Eric suddenly fall into thinking, Chris waited patiently for a while before asking, "Eric, what are you thinking?"

Eric came to his senses, Yang Yang's information, and asked bluntly: "Chris, which one do you think is easier to accept our investment with these two companies?"
Chapter completed!