It was back in April when we reported that North Korea has reached 20,000 mobile phone users. Now, 6 months later, we’re glad to see that them number is approaching the 70,000 mark. As of the end of September, the sole mobile operator in the country koryolink, which BTS is majority owned by Eygpt’s Orascom Telecom, reported that its subscriber base has reached 69,261 users. Meaning that in the time you’re reading this, the 70,000 mark has been reached and even surpassed.
In the 9 months ending September 30, 2009 – koryolink reported revenues of $18.5 million with EBITDA of $10 million, representing a margin of 54%.
Currently, the carrier is working to extend the network coverage to the whole country…
[Via: CellularNews]