-
·
Is North Korea finally getting 4G?
It’s been 12 years since Koryolink began cellular service in North Korea. As the world begins moving to 5G, North Korean customers are still stuck on 3G technology, but that might be about to change. At the just-concluded 8th Congress of the Workers’ Party of Korea, Kim Jong Un told delegates that the telecommunications sector…
-
·
Orascom gets UN exemption to operate North Korean cellular network
Egypt’s Orascom Investment Holding has received an exemption from the United Nations to continue operating Koryolink, its North Korean cellular network, it said Monday. The ability of Orascom to continue as a partner in the network has been in doubt since U.N. Security Council sanctions last year banned foreign companies from establishing or running commercial…
-
·
ZTE hit for telecom exports to North Korea but US focus is on Iran
ZTE Corp., one of China’s largest telecom equipment manufacturers, has agreed to a record high settlement with the U.S. government over exports of controlled technology to Iran and North Korea. The deal, announced on Tuesday, totals some $1.2 billion and is the result of a coordinated prosecution by the Departments of Commerce, Justice and Treasury.…
-
·
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 new wave of international sanctions hit North Korea, including those from the United States, “becoming increasingly complex and having delved in the territory of financial sanctions.”…
-
·
Orascom has ‘lost control’ of Koryolink
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 3 million subscribers. The dramatic statement was contained in the company’s latest financial report, which also said that OTMT would no longer be treated as a…
-
·
Koryolink said to have 3 million subscriptions
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 Pyongyang last week to cover the 70th anniversary of the Workers’ Party of Korea. No more details were provided, which is run-of-the-mill for Koryolink. Orascom…
-
·
Orascom’s no closer to getting its cash from North Korea
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 second quarter financial results, Orascom says it’s still trying to figure out how to get its cash out of the country and a possible merger of…
-
·
New cellular carrier is run by local ISP, says source
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 ISP, called Byol (?) or Star, is targeting the wireless service at North Koreans. Star currently offers wired Internet connections to foreigners in Pyongyang at a…
-
·
Koryolink faces big problems with cash, competition
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 form of a rival cellular network. The new network was recently launched in competition with Koryolink and the two parties are currently discussing merging the…
-
·
Orascom tackles its North Korean cash problem
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 Orascom Telecom and Media Technology (OTMT) said on Tuesday that it is delaying the filing of its latest quarterly financial report while it attempts to…
