Thursday, 11 December 2008
Orascom Telecom starts operations in North Korean
Orascom Telecom surged 11.11 percent on the news that it would begin operations in North Korea. As a market, North Korea has one of the lowest telecom penetration rates in the world, hence the excitment. That said, part of the jump in Orascom could simply be bottom fishing, as the stock has fallen a staggering 74 percent this year!