Via The Financial Times, news that Orascom is looking at setting up a mobile phone venture in North Korea. As the article notes “…Setting up a mobile phone service in North Korea – an authoritarian state that has banned mobiles – may sound like a misguided venture but Egypt’s Orascom reckons it can defy conventional […]
Read more »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 […]
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