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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Boss of Egyptian firm in cellphone venture arrives in NKorea: media AFP - 41 minutes ago SEOUL (AFP) - - The head of an Egyptian firm which is launching a mobile phone service in North Korea arrived Monday in the capital Pyongyang, official media in the secretive communist state reported. The Orascom Telecom Holding delegation is headed by its chairman and CEO Naguib Sawiris, the Korean Central News Agency said without giving details of the purpose of the visit. Orascom Telecom announced in January it had won the right to offer the mobile service and said it would invest 400 million dollars in the project -- 200 million dollars over the first year, and 100 million in each of the subsequent two years. The service was due to begin in Pyongyang on December 10, US broadcaster Radio Free Asia said early this month. The broadcaster said the service will gradually expand to other parts of the country, with mobile handsets costing 700 dollars. This would make them too expensive for all but a tiny minority. Radio Free Asia said it was not known whether the new service would be restricted to communist party officials. North Korea strictly controls information, with the tuning controls of radios and televisions fixed to official stations. It began a mobile phone service in November 2002. But 18 months later it banned ordinary citizens from using it and began recalling unauthorised handsets. There is still thought to be a mobile network in Pyongyang which is open for government officials. Most foreigners are not allowed to use mobile phones inside the country. Authorities have staged periodic crackdowns on residents in northern border areas who illegally use mobile phones through relay stations in China. Orascom is also reportedly funding construction work on the 105-storey Ryugyong Hotel, a landmark in the capital. Work was suspended for nearly 20 years due to funding problems. In July 2007 Orascom Construction announced a deal to invest 115 million dollars in a North Korean cement plant. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business S&P cuts Sri Lanka rating on fiscal concernsReuters - 29 minutes ago Russia c.bank allows 6th rouble weakening in 5 wksReuters - 31 minutes ago India Hot Stocks: McNally Bharat up on order winReuters - 31 minutes ago GLOBAL MARKETS-US auto bailout hopes boost Asia stocksReuters - 34 minutes ago S.Korea c.bank to supply $1 bln in 3-mth swapsReuters - 36 minutes ago Enlarge Photo Boss of Egyptian firm in cellphone venture arrives in NKorea: media Most Popular – Business Viewed Actress Jennifer Aniston appears naked in GQ magazine Queen Elizabeth II reins in extravagance as credit crunch grips Fortis bank, saved from collapse, again on shaky ground Russia crowned Miss World 2008 in African event White House: no action on auto bailout while Bush in Iraq View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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