Naguib Sawiris, the Egyptian entrepreneur behind Orascom Telecom Media and Technology (OTMT), says that the subscriber base of North Korean cellco CHEO Technology (Koryolink) will reach approximately 1.7 million by the end of 2012, up from 950,000 at the end of 2011. Speaking in an interview with Forbes, Sawiris said that the 75%-owned subsidiary will achieve revenues of around USD186 million in FY2012 with monthly average revenue per user of USD11. Sawiris also confirmed that Koryolink’s period of exclusivity was to end in December 2012, but that the company has received written confirmation that for an additional period of three years, no other foreign investors will be allowed to launch a mobile network there. Koryolink’s infrastructure allows North Koreans to make only domestic calls and use locally hosted data services, with a separate network available for foreigners in the country.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors