Monday, January 24, 2011

Kim Jong-il meets with the CEO of the Egyptian operator Orascom

The North Korean leader, Kim Jong Il, met the leader of the Egyptian telecom operator Orascom, which co-manages the mobile network launched in late 2008 in this country, said, Monday, January 24, official media of Pyongyang. Naguib Sawiris's visit takes place "at a time when investment Orascom progressing successfully in several areas in North Korea, including in telecommunications," said the North Korean agency KCNA.

The mobile phone subscriptions in North Korea have quadrupled in a year, from 69,261 late September 2009, at 301,199 in late September 2010, according to figures from Orascom. The penetration of mobile telephony is still very low, about 1%. North Korea has 24 million inhabitants, with an officially reported GDP of 1.7 dollars (1.249 euro) per person and recurrent food shortages.

The communist regime of North Korea strictly controls access to its citizens to external information and blocks on radio and television stations and official channels. INVESTMENT MULTIPLE ORASCOM A first mobile network was launched in November 2002 but was closed without explanation, eighteen months later and the aircraft were recalled.

In December 2008, Pyongyang launched a mobile network with 3G, operated by a joint venture, which involves Orascom. The Egyptian company has also signed a 2007 agreement to invest $ 115 million (84.6 million euros) in a cement plant in North Korea. It would also be involved in the construction of a hotel of one hundred five floors in Pyongyang.

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