Bloomberg News

Orascom Telecom Media Shares Jump After North Korea Announcement

February 02, 2012

Feb. 2 (Bloomberg) -- Orascom Telecom Media & Technology Holding SAE advanced for an eighth day after the mobile-phone operator headed by billionaire Naguib Sawiris said its subscribers in North Korea exceeded one million.

The shares climbed 3.6 percent to 1.16 Egyptian pounds at 1:36 p.m. in Cairo. The benchmark EGX 30 Index declined 2.2 percent after more than 70 people were killed in Egypt’s worst- ever soccer violence yesterday.

To contact the reporter on this story: Alaa Shahine in Dubai at asalha@bloomberg.net

To contact the editor responsible for this story: Inal Ersan at iersan@bloomberg.net


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