N. Korea : Orascom Telecom Holding (OTH) celebrates the inauguration of Koryolink, the latest addition to the successful list of OTH subsidiaries.

Koryolink is the first 3G mobile network to operate in the Democratic People's Republic of Korea (“DPRK”) and is established as a joint venture between OTH (75%) and Korea Posts and Telecomm Corp. (KPTC) (25%).

OTH was awarded the license to establish a 3G mobile network in DPRK in January 2008. Koryolink has deployed its 3G network to initially cover Pyongyang, which has a population of more than 2 million, with an ambitious plan to expand its coverage to the entire country. Koryolink will deliver world-class voice and data communication services to the people of the DPRK.

Mr. Naguib Sawiris, Chairman and CEO of OTH said: “This is not just about providing 3G mobile services; we are making history in a country that is developing and opening up in a remarkable way”.

With the inauguration of Koryolink, OTH continues its successful strategy of penetrating high growth markets.