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End of Korean Peninsula tensions could ease Sawiris’ problems

The Egyptian telecommunications firm Orascom Telecom and Media Technology (OTMT) is the main reason behind the rise of mobile phone usage in hermetically sealed North Korea in recent years. OTMT secured a 75% stake in Koryolink, a joint venture with North Korea’s Korea Post and Telecommunications Corporation in 2008. It is estimated that as many …

Mohamed Samir

OTMT unit secures Telecom Egypt link for MENA cable network

Reuters – Telecom Egypt has sold rights for the use of part of its infrastructure to a subsidiary of Egypt’s Orascom Telecom Media and Technology Holding (OTMT) , bringing the subsidiary closer to launching a submarine cable network. Once completed the Middle East and North Africa Submarine Cable Systems (MENA) fibre optic network will link up Italy, Egypt, Saudi Arabia, Oman and India, the company said in an emailed statement. MENA, which …

Daily News Egypt

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