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Orascom wins a 3G license in North Korea

In what can only be described as a surprise announcement, Egypt’s Orascom Telecom Holding (OTH) says that it has been granted a 3G phone license in North Korea.  

Orascom says that it intends to invest up to US$400 million in network infrastructure and license fee over the first three years. OTH intends to cover Pyongyang and most of the major cities during the first 12 months of operations. Read more.

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