Orascom to offer mobile services in N. Korea
Orascom Telecom, the biggest mobile-phone company in the Middle East, will begin offering mobile-phone services in North Korea starting next week, becoming the first foreign telecommunications company to invest in the Stalinist state, Bloomberg has reported. The Egyptian phone company estimates it will spend $400m on a cellular license and investment over three years. Orascom won the license Jan 31 and will have exclusive rights in North Korea for four years.
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