Orascom receives mobile licence in North KoreaMobile operator Orascom Telecom has been granted a commercial licence to provide mobile telephony services in the Democratic People’s Republic of Korea using WCDMA technology. The licence has been granted to Orascom’s subsidiary Cheo Technology which is controlled by Orascom Telecom with an ownership of 75 percent while the remaining 25 percent is owned by the state-owned Korea Post and Telecommunications. The terms of the licence allow Cheo to offer services to its customers throughout the country. The duration of the licence is 25 years with an exclusivity period of four years. Orascom Telecom intends to invest up to USD 400 million in network infrastructure and licence fees over the first three years in order to rapidly deploy a high-quality network and offer voice, data and value added services at accessible prices to the Korean people. OTH intends to cover Pyongyang and most of the major cities during the first twelve months of operations.
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