Chapter 217: Taking Down Nokia: Nokia Has a Chinese Heart

n capacity, less attenuation, longer transmission distance, smaller size and lighter weight, and no electromagnetic interference. 。The only drawback is that the cost is a bit higher. 。Although the co...As darkness fell, the boardroom at Nokia headquarters was filled with a somber mood. 。After Olira told them what had happened, they were even more pessimistic about Nokia's future. 。This is like the proverbial saying, "It's raining cats and dogs when the roof leaks." The collapse of the Soviet Union amidst Eastern European upheavals caused Nokia to suffer huge losses. Now, their once-boasted communication technology has fallen completely behind, even lagging in the next generation of mobile phones being researched in their own labs. This is just a disaster waiting to happen. 。This is basically a death sentence for Nokia. 。Let's see what Huawei Group offers. If the price is about the same, sell it. 。Better to have something than nothing. If they really go ahead and cooperate with Ericsson and Siemens, what will we have to compete with… A director said in a low voice, which also made the other directors sigh. 。I also agree to the sale, and let's finalize the price at around this amount. 。It's cheaper to settle this than to drag it on any longer. Let's get in touch with Ericsson again and see if they're willing to buy...

Another director also spoke directly, and then the other directors expressed their opinions as well. 。Sell, sell quickly. 。They originally wanted to sell Nokia, and now Ericsson is unwilling to buy it, while the Huawei Group is willing to buy it, which perfectly aligns with their interests. 。As for taking the opportunity to strike a blow against the Huawei Group, it now appears completely unlikely. 。It's not bad for the Huasheng Group to cut its own losses. 。After all, what Nokia used to be proud of is now completely beaten by Huawei Group. If Huawei Group really cooperates with companies like Ericsson or Siemens, Nokia will go bankrupt in a few years and become worthless. 。Oliver looked at these shareholders, and he also sighed inwardly. 。As CEO, he can now only take the shareholders' word. 。As for what happens next, let's talk about it later. 。If I can't stay at Nokia, I'll start looking for a new job. 。Nokia has made a move, they have contacted Ericsson again. 。And Ericsson has also responded, clearly rejecting Nokia's acquisition request. 。Now that Ericsson is barely keeping its head above water, who's going to take on this mess 。Ericsson's refusal dashed Nokia's last hope of selling at a high price. 。In the afternoon, in the conference room, a negotiation officially began. 。This time, not only O'Reilly attended, but also major Nokia shareholders. 。Looking at the quote Nokia gave, Xu Huasheng frowned. 。This time, Nokia's bid is a $4.5 billion bid. 。This quote includes all of Nokia's business operations. Currently, Nokia's business is very broad, encompassing not only communications but also consumer electronics, television manufacturing, and machine processing, among other things. 。Nokia's television even reached second place in Europe, demonstrating its remarkable strength. 。But these businesses are not what Xu Huasheng wants. 。All he wanted was the communications business, and acquiring Nokia was just preparation for that. 。"Everyone, currently my company only wants to acquire your company's telecommunications business, and this offer is a bit high." 。To our esteemed shareholders, I imagine you're feeling a mix of emotions about the sale of Nokia. 。"How about we try a different way of cooperating"Xu Huasheng raised his head and smiled, saying this, which made everyone curious. 。You sold me the communications business, and we will cooperate on the other businesses. 。I suppose everyone here knows about the Huawei Group, right You Nokia could be the second Huawei. 。Our Wah Sing Group can produce products for both Huawei and Nokia. Even if we cannot compete with Huawei in America in the future, Europe is still your main base of operations. 。You can shine brightly in the European market, a European market that's big enough to make everyone a lot of money. 。Other industries are the same. I, as a businessman, have always believed that win-win cooperation is the way to go further…” Xu Huasheng’s suggestion caught the eyes of all shareholders bright > 。Wors Group is quite famous and makes a lot of money! 。If Nokia could, like Verizon, get good products and leverage its existing channels and brand recognition, it could definitely do better. 。At least in Europe, this cooperation model could definitely make Nokia a lot of money. 。Xu Huasheng's proposal once again heated up the conference room. A negotiation lasted for several hours, and after several hours, a final cooperative way was hammered out. 。Xu Huasheng's investment fund, with a value of US$1.58 billion, acquired Nokia's communications business. 。Nokia's communications industry spun off to become the new Nokia Communications company. 。Nokia's electrical business was spun off as Nokia Appliances, with Huawei Group investing in the company through technology and products, holding a 22% stake. 。And Huawei Group must, within six months, introduce new products to Nokia Electronics, including DVDs, air fryers, and massage guns. 。Nokia's mechanical factory has been spun off to form Nokia Mechanical Company, which will focus on machine tool business in the future. 。This company, Xu Huasheng invested in with technology and $500 million, holding 51% of the equity. 。Nokia Machinery will establish a machine tool factory in China to produce various types of machine tools and then sell them globally. 。To put it simply, it's the Vizio model, just switching from appliances to machine tools. 。In the meeting room, Xu Huasheng used a disk to demonstrate Huawei Group's technology in machine tools. However, the displayed technologies were all mid-to-low-end machine tools, without four-axis or five-axis systems. The most advanced was only three-axis. 。But even so, it is very important for Nokia. 。These technologies, coupled with the low cost of labor in China, will certainly keep the production costs of these machine tools very low. 。As long as the price is low, there will be competitiveness. Although high-end machine tools have high profits, the demand for low-end machine tools is large. Low-end CNC machine tools are also very common in the European market. 。Negotiations concluded, Nokia Group was subsequently divided into three companies: Nokia Devices, Nokia Machines, and Nokia Communications. 。As for the other businesses, Xu Huasheng didn't want them, and the shareholders were prepared to gradually sell off the other industries. 。Nokia Corporation is solely owned by Xu Hua Sheng. In the future, Nokia Corporation will have three main businesses: telecommunications industry, base station services, and consumer products business. 。Simply put, they sell phone cards, broadband services, base stations, and cell phones. 。To directly use technology and capital to build Nokia into a leading integrated communications company in Europe. 。From the base station, to the middle communication service, to the terminal product. 。If these three businesses progress smoothly, Nokia will become a super giant in the future. 。As Nokia grows, Xu Xiaoming can gradually introduce some strong capital. 。By then, Nokia can use its home advantage to make money, at least in Europe, Nokia will not have any problems. 。

Keep in mind that Finland will be joining the EU in the future, and it will also join the eurozone.

Finland is the only country among the Nordic countries that is in the eurozone. Although the country is small, it is a genuine member of both the European Union and the eurozone. If the United States were to unfairly sanction Nokia, just see if the European Union would stand up for it.

To follow, the entire EU becomes a joke. Not to follow, then the relationship between the EU and the US will become hostile. Either way, it benefits the Washington Group. 。As for the EU's bullying of Xu Huaisheng to sell Nokia's shares and even directly confiscate those assets, well, well, let's see what happens then. Unless the EU doesn't intend to do business with China anymore. 。Furthermore, once Xu Huasheng withdrew his investment, Nokia would collapse instantly because Xu Huasheng planned to turn Nokia into the largest purchasing giant in Europe. 。Nokia's future R&D department should be scrapped, just like Verizon, and only responsible for selling products. All products will be provided by the Huawei Group, and Nokia will only be responsible for OEM sales. 。 hear your advice on one more very important matter. " 。Getting into the car, Xu Huasheng looked at Li Jilin and said with a smile. 。"General Xu, you are talking about..."Li Jilin looked curious, as d...