The Thyssen Telecom telecommunications arm of German steel giant Thyssen AG is sharply scaling back its planned services, and now wants to focus on cellular phones and will take a wait-and-see attitude towards fixed telephone services. It vehemently dismissed speculation that it could sell its 30.1% stake in the E-Plus mobile phone company. Thyssen Telecom has invested $430m so far and intends to invest another $470m over the next five years.
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