Orascom closes its bank in Pyongyang blaming sanctions
Egypt’s Orascom Telecom has shut down Orabank, a bank it started in North Korea at the same time it launched the Koryolink mobile phone service. The closure was blamed on a…
Egypt’s Orascom Telecom has shut down Orabank, a bank it started in North Korea at the same time it launched the Koryolink mobile phone service. The closure was blamed on a…
Orascom Telecom and Media Technology (OTMT) says it has effectively lost control of Cheo Technology, the North Korean joint venture cellular operator that uses the Koryolink brand-name and has around…
North Korean cellular operator Koryolink has 3 million subscriptions, according to a report from Reuters. The figure was provided by a Koryolink staffer to Reuters correspondent James Pearson, who was in…
Egypt’s Orascom Telecom Media and Technology (OTMT) has reported no significant progress in talks with the North Korean government over two big issues it faces in the country. In its…
The new cellular carrier run by the North Korean government to compete with Koryolink is being run by a local Internet service provider, according to a source in Pyongyang. The…
Orascom Telecom, the majority owner of North Korean cellular network Koryolink, is facing major problems getting its money out of North Korea and now has new competition from its partner, the government, in the…
It was always a bit of a paradox: in the country with some of the strictest censorship on the planet, Internet access for the lucky ones that had even less restrictions than neighboring China….
Foreigners in Pyongyang can once again access the Internet from their smartphones, according to a report. Service was suspended last Friday because of an Internet connection problem with no estimated time…
The Egyptian company that runs North Korea’s sole cellular network appears to be finally confronting one of its biggest problems in North Korea: the value of its money there. Egypt’s…