N Korea’s Koryolink passes 800k subs

Koryolink, the joint venture between Egypt’s Orascom Telecom and state-owned Korea Post and Telecom, lifted its 3G subscriber base by 170% in the 12 months ending in September.

The network now consists of 453 base stations covering 94% of the population of roughly 24 million, Orascom revealed in a quarterly report. But the network only covers 14% of the territory of North Korea.

The joint venture increased its revenue for the third quarter by 125% year-on-year to $41.5 million, but this was only a fraction of Orascom’s total revenue for the quarter of $1.1 billion.

(Source: telecomasia.net)