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Orascom loses control of North Korean venture Koryolink

2016-01-04 09:40:00| Telecompaper Headlines

(Telecompaper) Orascom Telecom Media and Technology has lost control of its 75 percent stake in North Korean venture Koryolink, the Wall Street Journal reported, citing a company filing in Egypt. The venture served around 3 million customers in North Korea, earning around USD 270 million before taxes and depreciation on USD 344 million in revenue in 2014.

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