Orascom Archives


The Egyptian investment in North Korea surprised many. But Naguib Sawiris expressed confidence when I heard him talk about it in Barcelona a few years back. Apparently making good profits was possible, but what value are profits that cannot be repatriated? The Egyptian operator rolled out North Korea’s sole mobile network in 2008 as a joint venture with the state-owned Korea Post and Telecommunications Corporation (KPTC). Orascom owns 75% of Koryolink, which has 3 million subscribers.
The country with the worst ICT connectivity happens to be in our region, the Asia Pacific. But Google’s Eric Schmidt, again demonstrating the value of engagement, appears to have opened the door another few milimeters, according to IHT: North Korea will finally allow Internet searches on mobile devices and laptops. But if you’re a North Korean, you’re out of luck — only foreigners will get this privilege. Cracking the door open slightly to wider Internet use, the government will allow a company called Koryolink to give foreigners access to 3G mobile Internet service by March 1, The Associated Press reported. The decision, announced Friday, comes a month after Google’s chairman, Eric E.
North Korea was, until recently, the country with the least mobile phones. Then it gave a license (3G no less) to Orascom. Now it has a million plus mobiles connections. The New York Times speculates that the presence of a million mobiles has made the big blatant lie no longer a viable option for the rulers of the hermit kingdom. Mr.