Orascom

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…


Koryolink said to have 3 million subscriptions

North Korean cellular operator Koryolink has 3 million subscriptions, according to a report from Reuters. The figure was provided by a Koryolink staffer to Reuters correspondent James Pearson, who was in Pyongyang last week to cover the 70th anniversary of the Workers’ Party of Korea. No…




Koryolink faces big problems with cash, competition

Orascom Telecom, the majority owner of North Korean cellular network Koryolink, is facing major problems getting its money out of North Korea and now has new competition from its partner, the government, in the form of a rival cellular network. The new network was recently launched in competition with…


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…