Word: telefonia
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...company had grown too quickly in the 1990s, says Lundberg, with interests in everything from chicken farms to electronic-cable manufacturing. Then reports leaked that the management had granted an option to an outside company for a 5% stake in Elektrim's most valuable asset, the wireless firm Polska Telefonia Cyfrowa, or PTC. Major Western shareholders swooped in. Lundberg sold off interests in nearly 80 companies, slashing staff levels from 30,000 to 15,000 by last December. They will be down...
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