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Articles tagged with: Orascom Telecom and Base
North Korean Network Offers Free SMS to Subscribers
Orascom Telecom has confirmed that its North Korean subsidiary, koryolink's subscriber base stood at 47,850 by the end of Q2. In order to capitalize on the subscriber growth momentum, in the second quarter of 2009 koryolink introduced further reduction in connection fees as well as free SMS for the first time. Additionally, the mix of free minutes was revised to satisfy customer requirements. more
Related Tags: koryolink, Korea North
Orascom Telecom Group First Half Profits Down on Pakistan Losses
Egypt based Orascom Telecom has reported first-half revenues down by 2.3% over the previous year at US$2.48 billion, which the company put down to currency devaluations in key operations. Net income for the period was down at US$ 184 million from US$276 million a year ago. The sharp decline was mainly impacted by unrealised foreign exchange losses and hedge losses in Pakistan for a total of approximately US $65 million. more