Development of North Korean Telecommunications Network

Egypt‘s Oras­com Tele­com Hold­ings owns 75% of a joint ven­ture with North Korea‘s Korea Posts and Telecomm Cor­po­ra­tion (KPTC) that has the license to oper­ate that country‘s only 3G mobile net­work.  The license was grant­ed in Decem­ber 2008. That same month, Oras­com Tele­com opened Ora Bank in Pyongyang as part of a joint ven­ture with the North Kore­an gov­ern­ment-owned For­eign Trade Bank.  Reports indi­cate that ...