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It is good news but I'm not sure they have the cash. Tindell (520m) and Morgan (250m) combined have approximately 770m (using 2007 rich list numbers which could
by traskjd 17y ago
It is good news but I'm not sure they have the cash. Tindell (520m) and Morgan (250m) combined have approximately 770m (using 2007 rich list numbers which could be way off, but for arguments sake...) This falls quite short of the 900m they are estimating - even if they both pushed their whole stack.
My guess - scare some incumbents (you reckon Telecom wouldn't stump up coin to own part of their only competitor when they're trying to raise cash?), get some money from Govt because of their names, and then chip some in personally along with some of their friends cash.
Not saying I don't wish this would happen - just saying what they're trying to achieve will be hard and they will need A LOT of help.
- yardie 17y agoInvestors usually don't start big projects using all of their own coin. THey'll usually put something like 30-40% to get the ball rolling. It acts as a catalyst for other investors to join in. They'll probably get the remaining 60% through private investors, hedge funds, and the government. Between the 2 of them they have more than enough money to see this project through. Since there is only one other competitor and plenty of demand this is as sure a bet as you're going to get.