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Orascom Cracks 1 Million Mark

By Kim Tae Hong
[2012-02-03 13:31 ]  
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¡ã A commemorative photo of Orascom¡¯s Naguib Sawiris and Kim Young Nam in Pyongyang yesterday (© Yonhap)
North Korea now has more than one million legal cell phone subscribers, Orascom Telecom revealed yesterday in a regulatory filing reported by Bloomberg.

The Egyptian firm disclosed the information while its former CEO Naguib Sawiris was visiting North Korea. He met with Kim Young Nam, the Supreme People¡¯s Assembly Permanent Chairperson, at Mansudae Assembly Hall in Pyongyang yesterday.

Kim and Sawiris exchanged opinions on Orascom Telecom¡¯s wireless mobile phone business and investments in North Korea and also regarding the Ryukyung Hotel, which Orascom agreed to invest in when it was given the green light to operate a cell phone network in the country. The meeting was also attended by the head of North Korea¡¯s Joint Ventures Committee, Lee Gwang Geun.

The total number of subscribers does not include those people using Chinese cell phones illegally in the Sino-North Korean border region.
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