Calling Dear Leader: Orascom’s North Korean Mobile Licence

As reported in Arabian Business, Orascom Telecom – the fourth-biggest Arab mobile phone operator by market value – announced that its subsidiary, CHEO Technology (in which the North Korean government also owns 25%), won the first mobile phone licence in North Korea. Orascom stated that it plans to invest $400 million on infrastructure and licence fees over the next three years, and said the licence duration was for 25 years, with an exclusivity period of four years. As the article notes:

“…We are continuing to head in the right strategic direction; our Greenfield licence in the DPRK (Democratic Peoples Republic of Korea) is in line with our strategy to penetrate countries with high population and low penetration”, the statement quoted OT Chairman and billionaire Naguib Sawiris as saying.

OT said it plans to cover the capital, Pyongyang, and other major cities during the first 12 months of operations. The group has operations in Egypt, Algeria, Tunisia, Pakistan, Bangladesh and Zimbabwe….”

This entry was posted on Sunday, February 3rd, 2008 at 11:08 am and is filed under Egypt, North Korea, Orascom.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

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