24 Jan '11, 2am

N. Korean leader meets Egypt telecoms chief

SEOUL: North Korean leader Kim Jong-Il has met the head of an Egyptian company that provides a mobile phone service in the impoverished communist nation, state media reported Monday. Naguib Sawiris, chairman and CEO of Orascom Telecom Holding, has been visiting the North since Friday. His company has provided a mobile phone service in the North jointly with a local firm since late 2008. Kim "warmly welcomed his DPRK (North Korea) visit taking place at a time when Orascom's investment is making successful progress in different fields of the DPRK, including telecommunications," the North's state news agency KCNA said. Kim had "a cordial talk" with Sawiris and hosted a dinner for him, it added. Orascom said last year that mobile phone subscriptions in North Korea had more than quadrupled in the space of a year -- to 301,199 by the end of September 2010 from 69,261 a year earl...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific/vi...

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