Development of North Korean Telecommunications Network
Posted Monday, December 1, 2008 at 12:00am
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 ...