(Telecompaper) Irish operator Eircom announced that it has concluded a strategic review begun in April and decided to not proceed with an IPO at this time. The company said its full-year results gave it encouraging signs of positive momentum. Its primary focus over the coming months will be to accelerate the momentum, continue to improve financial performance and realise the benefits of its investment programme. Eircom's key shareholders expressed their preference "to continue participating in the upside" from the network investment made in recent years, which has started to be seen in the operating and financial results.