Cheo Technology

Orascom has ‘lost control’ of Koryolink

Orascom Telecom and Media Technology (OTMT) says it has effectively lost control of Cheo Technology, the North Korean joint venture cellular operator that uses the Koryolink brand-name and has around 3 million subscribers. The dramatic statement was contained in the company’s latest financial report, which…


Orascom tackles its North Korean cash problem

The Egyptian company that runs North Korea’s sole cellular network appears to be finally confronting one of its biggest problems in North Korea: the value of its money there. Egypt’s Orascom Telecom and Media Technology (OTMT) said on Tuesday that it is delaying the filing…



Sawiris takes charge of Koryolink parent

Egyptian businessman Naguib Sawiris has taken over as CEO of the parent company of Cheo Technology, which runs North Korea’s Koryolink 3G cellular telephone network. Sawiris assumed the top job at Orascom Telecom Media and Technology (OTMT) after the former CEO, Ahmed Abou Doma, stepped down for…


Koryolink subscriptions hit 2.4 million

Subscriptions to Koryolink, North Korea’s only 3G mobile phone network, have just passed the 2.4 million mark, according to the latest figures from the operator. The figure represents a significant slowdown in growth in the last year over the previous year and points to the first…


Inside North Korea’s cell phone use

North Koreans used cell phone messaging to independently organize a soccer group, surprising authorities, according to a new report on cell phone usage in the country. The soccer club was apparently organized by a group at Kim Chaek University of Technology in Pyongyang, and could be…


Orascom has $422 million in cash in North Korea

Orascom Telecom Media and Technology (OTMT), the Egyptian company that owns a 75 percent stake in North Korea’s on 3G cellular network operator, has apparently been doing very well in the North Korean market. A recent audit report by Deloitte says the company’s assets in…


Koryolink hits 2 million subscribers

North Korea’s Koryolink cellular network has hit the 2 million subscriber mark, majority owner Orascom Telecom said this week. The landmark was reached in late May, 15 months after it surpassed the million subscriber mark. Koryolink launched its 3G cellular service in the final days…


Koryolink nears 2 million subscribers

Koryolink, North Korea’s sole 3G cellular service provider, is close to hitting the 2 million subscriber mark. The news was disclosed this week by the Koryolink CEO Ezz Heikal in Pyongyang and later confirmed by the company’s head office in Cairo. It means that Koryolink will have…