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Technology / AI and automation

THYSSEN TELECOM TO FOCUS ON CELLULAR MARKET

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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CBR Staff Writer

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