Posts tagged CHEO Technology
Koryolink hits a million subscribers
Feb 3rd
Koryolink, North Korea’s only commercial 3G cell phone network, has signed up its millionth subscriber. The landmark was reached just over three years since service was launched.
Koryolink has been adding more than 100,000 new subscribers for each of the last five quarters and was expected to hit the million mark in early 2012.
The company is operated by Cheo Technology, which is a joint venture between Egypt’s Orascom Telecom Media And Technology Holding (OTMT) and North Korea’s Ministry of Posts and Telecommunications. OTMT holds a 75 percent stake and the North Korean government owns the remaining 25 percent.
Koryolink’s service has popularized cell More >
Koryolink sponsors Taekwondo championship
Nov 19th
This week’s earnings report for Koryolink, North Korea’s only widely available cell phone service, highlighted something I missed back in September: the company was a major sponsor of the 17th Taekwondo World Championships. The event took place in Pyongyang from September 6th to 12th.
Koryolink banners were strung around the Taekwando Hall where the international contest was taking place, as can be seen in video from KCNA. The company even had one on the front of the judges desk.
In its earnings report Orascom Telecom, the Egypt-based telecommunications company that holds a majority stake in Koryolink, said the deal was unique in North More >
Koryolink surpasses 800,000 3G subscriptions
Nov 18th
North Korea’s nationwide 3G cellular network could miss an end-of-year target to have a million subscribers despite two successive quarters of record subscriber growth.
Koryolink added 142,000 subscriptions in the third quarter, beating the 131,000 subscriptions added in the previous three months, to end September with 809,000 users. That leaves it 191,000 subscribers short of hitting a million users — a 2011 target that had been talked about at the beginning of the year. Based on current subscriber growth it appears that Koryolink will come close to the million mark but — barring a surge of new sign-ups in the current quarter — More >
Orascom planning 3G Internet service
Oct 17th
Orascom Telecom is planning to add Internet service to its 3G cellular offering in North Korea, according to the Choson Exchange blog.
Writing in a post on Sunday, Geoffrey K. See, the organization’s executive director and founder, says the service is currently being tested but should be available in the near future. The information on the service came from a meeting with Orascom employees in Pyongyang.
At first it will be available to resident foreigners living in Pyongyang. So far there is no approval for a wider service, even in censored form, for the North Korean subscribers. Orascom didn’t provide any details on More >
Koryolink sees another record quarter
Aug 25th
Koryolink, North Korea’s only 3G network operator, added a record number of subscribers in the second quarter of 2011, but the company will have to push harder if it’s to reach a million users by the end of the year.
The company ended the quarter with 666,517 subscribers, according to Orascom Telecom. Egypt’s Orascom holds a 75 percent stake in Cheo Technology, which operates the service under the Koryolink brand name. The remaining 25 percent stake is held by the government-owned Korea Posts and Telecommunications Co. (KPTC).
The company added 131,384 subscribers during the April to June quarter, putting the quarter just More >
Koryolink hits half a million 3G subscriptions
May 20th
Are things starting to get tough for Koryolink?
North Korea’s only 3G cellular provider has published its quarterly results and the headline numbers look good.
Subscriptions are at a record 535,133 and quarterly revenue has never been higher at US$25.8 million, but look a little closer and you’ll see the company is having to push harder to get new customers and existing customers are spending less.
Quarterly growth was 103,214 subscriptions, the third highest yet recorded since service began in the final weeks of 2008. That growth made the January to March quarter the first since mid 2009 where quarter-on-quarter growth failed to More >
Koryolink 2010 full-year results
Apr 19th
Full-year results for Koryolink, North Korea’s only 3G cellular carrier, have been announced by Egypt’s Orascom Telecom. Orascom holds a 75 percent stake in Cheo Technology, which is the company that operates the Koryolink service. The remaining 25 percent stake is held by the government-run Korea Posts and Telecommunications Co. (KPTC).
The results show continued strong performance for the unit, which has been trying to expand use of the service by offering lower prices.
You can read the headline take in this story: North Korea’s Sole 3G Operator Sees Users and Revenue Surge, PC World.
The network expansion has continued and the company More >
Report: Cell phone rentals to visitors suspended
Feb 21st
North Korea has suspended a cell-phone rental service for visiting foreigners, according to Japan’s Kyodo News.
The suspension began in January and could, speculates Kyodo, “reflect concern in the North over the flow of information about democracy demonstrations sweeping the Middle East.”
Telecommunications systems, including cell phones and the Internet, have proved instrumental in the growing civil unrest that has already engulfed several Middle Eastern states. In Egypt the government shut off both networks at the height of the unrest.
North Koreans don’t have access to the Internet, but at least 300,000 of them carry cell phones, according to data from the operator. More >
3G users to hit 1 million this year, says report
Feb 4th
North Korea is expecting the number of 3G users in the country will reach 1 million this year, according to a Chinese television report.
The prediction was made by a staffer of Chesin Commercial Corp., the government-linked company that runs North Korea’s international e-mail service, in an interview with Chinese Central Television (CCTV).
“It is expected that mobile phone users will reach one million in 2011,” the man, identified as Lee Churl Suh, told the Chinese state-run broadcaster in Pyongyang.
It was included in a report that focused on the popularity of cell phones in North Korea. The report was distributed to broadcasters More >
Orascom CEO meets Kim Jong Il
Jan 24th
The CEO of Egypt’s Orascom Telecom was given a dinner in his honor hosted by Kim Jong Il on Sunday night, KCNA reported on Monday. (Scroll down for updates)
Naguib Sawiris arrived in the North Korean capital on Friday and his meeting with the North Korean leader was the first reported details of his activities.
The report said Kim, “warmly welcomed his DPRK visit taking place at a time when Orascom′s investment is making successful progress in different fields of the DPRK, including telecommunications. He had a cordial talk with him.”
[Read my report at Network World]
A reception with Kim Jong Il is More >
