News From Telecom World

Orascom’s North Korean mobile network to launch this month

Posted on: December 11, 2008

Radio Free Asia reports that Orascom Telecom will launch a wireless network in North Korea some time this month. It is not known, however, whether or not services will be restricted to communist party officials. Handsets are expected to be sold for USD700 each, approximately five times the monthly wage for most people. The mobile concession was awarded to Orascom’s 75%-owned local subsidiary CHEO Technology JV Company – the remaining 25% is owned by the state – in January, and the company aims to spend an initial USD200 million in the first year, then USD100 million in each of the next two years.

Source: Tele Geography


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