Sawiris’ OTMT Says Koreolink Subscribers Reach 2 Mln

Orascom Telecom Media and Technology Holding (OTMT.CA) announced that its subsidiary in the Democratic People’s Republic of Korea ( “DPRK” ) CHEO Technology JV, operating under the brand name “koryolink”, has reached two million mobile subscribers as at 28th May, 2013.

Naguib Sawiris, Executive Chairman of OTMT, commented on this landmark achievement saying: “When we first acquired the license in North Korea, people thought the service will only be provided to a few privileged individuals. We are very proud today to witness our subscriber base in North Korea increasing at a growing rate, emphasizing the right of the North Korean citizens in DPRK to communicate.”

It is worth noting that through recent decisions of the North Korean government restrictions on availing internet connections through mobile phones for foreign visitors have been reduced, allowing Koryolink to also offer some data services through its network.