Die ägyptische Telekomm-Firma Orascom wurde ja 2011 umgeformt.
Der Geschäftsbereich Nordkorea gehört nun zu einer Firma namens "OTMT"!
Im Rahmen der Umformung der Firma gab es umfangreiche Publikationen.
Hier ein Teil daraus:
GSM North Korea
The GSM North Korea business segment represents the activities of CHEO, operating under the trading name of koryolink, a partnership between the Group and the state-owned KPTC. The Company owns a 75% investment in the operator and fully consolidates the entity.
koryolink launched its operations in December 2008 and it is the first and only provider of 3G mobile operations in the Democratic People’s Republic of Korea (DPRK). The mobile license was awarded for a period of 25 years with an exclusivity period of 4 years. The results of operations of this business segment have therefore been strongly affected by the growth of the business. In particular, the number of subscribers has increased from 92 thousand as of 31 December 2009 to 809 thousand as of 30 September 2011.
The operations of koryolink initially commenced with a direct sales network only, through one centralised store in the capital Pyongyang. The business has expanded since its inception and in late 2009 the sales outlets also expanded outside the capital. This expansion has continued throughout the main cities in the DPRK. In addition, koryolink has increased the subscriber base by developing an indirect sales network with its partner KPTC, which has helped to increase the operator’s footprint and provide services to subscribers in different areas throughout the country.
As of 30 September 2011 the sales network included 24 shops in the capital Pyongyang and 9 shops in other main cities.
Capital expenditure of the North Korea segment for the period from 1 January 2008 to 30 September 2011 amounted to US$ 210.3 million and related to investments to support and develop the business, providing coverage in Pyongyang and the other main cities. The number of cell sites increased from 153 as of 31 December 2009 to 453 as of 30 September 2011. By 30 September 2011 the network covered 14% of the North Korean territory, including the capital, 14 main cities and 86 smaller cities.
GSM North Korea revenues are generated through telephony services, which includes revenues from traffic, roaming, fees and contributions. GSM North Korea revenues in 2009 also includes minor revenues from the sale of handsets. From 2010 the sale of handsets was performed directly by koryolink’s partner, KPTC.
Revenues of the GSM North Korea segment amounted to US$ 102.7 million for the nine months ended 30 September 2011, an increase of US$ 61.1 million, or 146.7%, from US$ 41.6 million for the nine months ended 30 September 2010.
The following table sets forth certain KPI information of the GSM North Korea segment as of and for the nine months ended 30 September 2011 and 2010.
As of and for the nine months ended 30 September
2011 2010 % change
Total subscribers( in thousands) 809 301 169%
ARPU (US$) 14.1 20.4 (31)%
Market share 100% 100% n.a.
The 146.7% increase in revenues of the GSM North Korea segment was primarily driven by a 169% increase in the number of subscribers, from 301 thousand subscribers as of 30 September 2010 to 809 thousand subscribers as of 30 September 2011. As well as introducing new offerings to the market, the subscriber base has also grown due to an increase in the network coverage and an expansion of the direct and indirect sales network. In particular, the network coverage increased from covering Pyongyang, 13 main cities and 42 small cities as of 30 September 2010 to covering Pyongyang, 14 main cities and 86 smaller cities as of 30 September 2011, whilst the sales network increased from 26 sales outlets to 33 sales outlets as of 30 September 2011.
ARPU decreased by 31% from US$ 20.4 for the nine months ended 30 September 2011 to US$ 14.1 for the nine months ended 30 September 2010. The change in ARPU is primarily due to a reduction in prices to enable additional subscribers to be acquired. Strong subscriber growth traditionally results in dilution of ARPU due to the decreased use of additional subscribers.
Average number of employees for the nine months ended 30 September
2011 2010
GSM North Korea 276 233
The average number of employees of GSM North Korea increased by 43 and OT Lebanon increased by 33. Personnel costs were substantially unchanged as an increase in wages and salaries attributable to the increase in the number of employees was offset by a decrease in bonus and other one-off payments.
Business
Agreements with DPRK
The agreements outlined below were entered into by OTH and ransferred to OTMT as part of the Demerger.
OTH entered into an agreement with KPTC in January 2008 (as supplemented by an agreement entered into in March 2010) whereby it agreed to form and invest in koryolink with KPTC. Below is a summary of the key currently applicable terms of this agreement:
CHEO Technology Joint Venture Co. was formed, with the Company holding a 75% economic interest and KPTC holding a 25% economic interest;
the Company was awarded a greenfield license to establish and operate a 3G network in DPRK for a period of 25 years with an exclusivity period of 4 years, which it would establish and operate through the koryolink vehicle;
the Company is entitled to appoint 4 out of 7 members of the board of directors of koryolink (including the chairman of koryolink), and KPTC is entitled to appoint the remaining 3 directors (including the vice chairman);
the Company agreed to establish a mobile network in high population areas in DPRK, including provincial seats, cities and county seats;
the Company agreed to use efforts to achieve various planned targets for numbers of subscribers, which it has now fulfilled;
each of KPTC and the Company has a right of first refusal in the event the other party wishes to sell their shareholding in koryolink and
the agreement can be terminated by either party in the event of insolvency, written consent of both parties, or material breach by the other party.
In addition to the agreement outlined above, OTH entered into a separate management agreement in December 2008 with koryolink and KPTC (the “koryolink Management Agreement”). The currently applicable terms of the koryolink Management Agreement are that the Company provides technical, management, accounting, legal, tax, regulatory, compliance, personnel, IT, know how, training and other administrative and operational assistance to support and secure the continued growth of koryolink, as well as specific assistance on a project-definition basis. In exchange for the provision of such services, the Company receives a management fee of 4% of the total gross revenue of koryolink, paid directly to the Company quarterly in USD. The Company is under an obligation in the koryolink Management Agreement to provide such services diligently and in accordance with international standards and practices as they apply in the telecommunications business. The koryolink Management Agreement is effective for the full license period as described above, and automatically renews upon renewal of such license.
DPRK Telecommunications Market
koryolink is currently the only mobile operator in DPRK. A government owned and operated 2G mobile operator which had been operational since 2002 closed down in 2010.
Fixed line telecommunications services in DPRK are provided exclusively by KPTC. Fixed-line service is available in the capital Pyongyang with much lower availability in other cities due to outdated or nonexistent infrastructure.
Internet services are provided through KPTC and are only available for foreigners resident in DPRK.
DPRK is subject to international sanctions imposed by the European Union and the United States. See “Risk Factors – Risks Relating to the Countries in which the Company Operates – DPRK is subject to international sanctions”.
Regulation
No specific telecommunication regulation exists in DPRK.
However, the DPRK government actively oversees koryolink’s operations, and since koryolink is the first commercial mobile operator operating
and sustaining a large scale operation in DPRK, issues are addressed by the government on a case by case basis. Regulatory issues which arise are handled through direct discussion with governmental bodies.
Network
As of 30 September 2011, koryolink’s network covered approximately 94% of DPRK’s population (estimated at 24.5 million) and 14% of its territory through 453 “on air” base stations, covering the capital Pyongyang and 14 main cities and 86 smaller cities. koryolink’s network coverage also extends to over 22 highways through the use of a government built telecommunications network.
Services and Marketing
koryolink’s 3G network supports a variety of services – in addition to voice – such as video call, SMS, MMS, voice mail, newspaper browsing, WAP and high speed packet access (“HSPA”). Recently, koryolink has focused on boosting subscriber growth through targeting various segments with innovative offerings, while continuously expanding sales outlets throughout all main cities in DPRK.
In Q2 2010, in an attempt to make the mobile service more affordable, koryolink introduced a new rate plan targeting lower-end customers resulting acquiring more subscribers from areas outside Pyongyang. In addition, koryolink successfully launched a Video Call service in Q3 2010. In January 2011, koryolink offered to its customers, for the first time in DPRK, the Multimedia Messaging Service (MMS). The service was positively received and continues to exhibit healthy enrolment growth to date.
In February 2011, koryolink introduced a new offering targeting all Korean customers aiming to boost its Euro revenue, called the “Euro Packs”. The “Euro Packs” recharge cards offer free voice & VAS in the off-peak period against Euro currency only. The “Euro Packs” sales trend has seen a steady increase since launch to date, illustrating wide acceptance of the offering in the DPRK market.
In September 2011 the DPRK hosted, for the first time, the 17th ITF Taekwon-do world championships. In recognition of the importance of this worldwide event, koryolink secured a sponsorship agreement with the International Taekwon-do Federation (ITF) through which it became the platinum and exclusive sponsor of the event. This sponsorship and the associated advertising and intense media coverage for koryolink activities and services was the first of its kind in DPRK.
Distribution and Sales
koryolink’s sales network currently consists of five sales shops in various areas of Pyongyang. An indirect sales channel has also been established with koryolink’s local partner (KPTC) consisting of 13 outlets in Pyongyang and 8 sales outlets covering major cities outside the capital. Customers are able to top up their mobile phones by purchasing scratch cards directly from koryolink outlets or from their local partners. In its efforts to maximize its reach to customers, koryolink is continuing to expand its sales presence across DPRK, and hopes to gradually increase the services which it is able to offer to its users.
Customer Care
Being the first company of its kind and scale in DPRK, koryolink has established a number of precedents with respect to customer care. These include a first of its kind bilingual call center to provide customer service, a launch announcement in major newspapers and on radio despite almost non-existent marketing and advertising industries, and the implementation of a koryolink advertising billboard, the first of its kind in Pyongyang.
Other DPRK Operations
In addition to the mobile phone businesses with koryolink, the Company has two other operations in DPRK.
Firstly, the Company indirectly holds a 95% ownership stake in Orabank, a bank joint venture with DPRK’s state-owned Foreign Investment Authority. Orabank started operations in December 2008 and has only provided minor financings to date. The Company hopes to use its investment in Orabank in order to eventually provide koryolink’s customers with access to mobile banking services.
Secondly, the Company is involved in the construction and refurbishment of the 104 story Ryugyong Hotel tower in Pyongyang. Construction of the tower began in 1987 with planned completion in 1989, however, after several delays, construction was halted in 1992. Construction resumed in April 2008 under the supervision of OTH (who had previously not been involved in the project). The exterior work on the building was concluded in 2011 and it is hoped to partially complete the interior refurbishment of the tower’s 360,000 square metres of floor space during 2012. The Company (and previously OTH) has provided financing of approximately US$ 30 million to date and expects to provide a further US$ 15 million. The loan is expected to be repaid when the tower becomes operational. The Company expects to receive a right of use in the tower upon its completion.
(Quelle: kurze Auszüge aus diesem 269-Seiten-Bericht:
http://otmt.com/Files/Uploads/PressRelea...pectus.pdf )
Der Geschäftsbereich Nordkorea gehört nun zu einer Firma namens "OTMT"!
Im Rahmen der Umformung der Firma gab es umfangreiche Publikationen.
Hier ein Teil daraus:
GSM North Korea
The GSM North Korea business segment represents the activities of CHEO, operating under the trading name of koryolink, a partnership between the Group and the state-owned KPTC. The Company owns a 75% investment in the operator and fully consolidates the entity.
koryolink launched its operations in December 2008 and it is the first and only provider of 3G mobile operations in the Democratic People’s Republic of Korea (DPRK). The mobile license was awarded for a period of 25 years with an exclusivity period of 4 years. The results of operations of this business segment have therefore been strongly affected by the growth of the business. In particular, the number of subscribers has increased from 92 thousand as of 31 December 2009 to 809 thousand as of 30 September 2011.
The operations of koryolink initially commenced with a direct sales network only, through one centralised store in the capital Pyongyang. The business has expanded since its inception and in late 2009 the sales outlets also expanded outside the capital. This expansion has continued throughout the main cities in the DPRK. In addition, koryolink has increased the subscriber base by developing an indirect sales network with its partner KPTC, which has helped to increase the operator’s footprint and provide services to subscribers in different areas throughout the country.
As of 30 September 2011 the sales network included 24 shops in the capital Pyongyang and 9 shops in other main cities.
Capital expenditure of the North Korea segment for the period from 1 January 2008 to 30 September 2011 amounted to US$ 210.3 million and related to investments to support and develop the business, providing coverage in Pyongyang and the other main cities. The number of cell sites increased from 153 as of 31 December 2009 to 453 as of 30 September 2011. By 30 September 2011 the network covered 14% of the North Korean territory, including the capital, 14 main cities and 86 smaller cities.
GSM North Korea revenues are generated through telephony services, which includes revenues from traffic, roaming, fees and contributions. GSM North Korea revenues in 2009 also includes minor revenues from the sale of handsets. From 2010 the sale of handsets was performed directly by koryolink’s partner, KPTC.
Revenues of the GSM North Korea segment amounted to US$ 102.7 million for the nine months ended 30 September 2011, an increase of US$ 61.1 million, or 146.7%, from US$ 41.6 million for the nine months ended 30 September 2010.
The following table sets forth certain KPI information of the GSM North Korea segment as of and for the nine months ended 30 September 2011 and 2010.
As of and for the nine months ended 30 September
2011 2010 % change
Total subscribers( in thousands) 809 301 169%
ARPU (US$) 14.1 20.4 (31)%
Market share 100% 100% n.a.
The 146.7% increase in revenues of the GSM North Korea segment was primarily driven by a 169% increase in the number of subscribers, from 301 thousand subscribers as of 30 September 2010 to 809 thousand subscribers as of 30 September 2011. As well as introducing new offerings to the market, the subscriber base has also grown due to an increase in the network coverage and an expansion of the direct and indirect sales network. In particular, the network coverage increased from covering Pyongyang, 13 main cities and 42 small cities as of 30 September 2010 to covering Pyongyang, 14 main cities and 86 smaller cities as of 30 September 2011, whilst the sales network increased from 26 sales outlets to 33 sales outlets as of 30 September 2011.
ARPU decreased by 31% from US$ 20.4 for the nine months ended 30 September 2011 to US$ 14.1 for the nine months ended 30 September 2010. The change in ARPU is primarily due to a reduction in prices to enable additional subscribers to be acquired. Strong subscriber growth traditionally results in dilution of ARPU due to the decreased use of additional subscribers.
Average number of employees for the nine months ended 30 September
2011 2010
GSM North Korea 276 233
The average number of employees of GSM North Korea increased by 43 and OT Lebanon increased by 33. Personnel costs were substantially unchanged as an increase in wages and salaries attributable to the increase in the number of employees was offset by a decrease in bonus and other one-off payments.
Business
Agreements with DPRK
The agreements outlined below were entered into by OTH and ransferred to OTMT as part of the Demerger.
OTH entered into an agreement with KPTC in January 2008 (as supplemented by an agreement entered into in March 2010) whereby it agreed to form and invest in koryolink with KPTC. Below is a summary of the key currently applicable terms of this agreement:
CHEO Technology Joint Venture Co. was formed, with the Company holding a 75% economic interest and KPTC holding a 25% economic interest;
the Company was awarded a greenfield license to establish and operate a 3G network in DPRK for a period of 25 years with an exclusivity period of 4 years, which it would establish and operate through the koryolink vehicle;
the Company is entitled to appoint 4 out of 7 members of the board of directors of koryolink (including the chairman of koryolink), and KPTC is entitled to appoint the remaining 3 directors (including the vice chairman);
the Company agreed to establish a mobile network in high population areas in DPRK, including provincial seats, cities and county seats;
the Company agreed to use efforts to achieve various planned targets for numbers of subscribers, which it has now fulfilled;
each of KPTC and the Company has a right of first refusal in the event the other party wishes to sell their shareholding in koryolink and
the agreement can be terminated by either party in the event of insolvency, written consent of both parties, or material breach by the other party.
In addition to the agreement outlined above, OTH entered into a separate management agreement in December 2008 with koryolink and KPTC (the “koryolink Management Agreement”). The currently applicable terms of the koryolink Management Agreement are that the Company provides technical, management, accounting, legal, tax, regulatory, compliance, personnel, IT, know how, training and other administrative and operational assistance to support and secure the continued growth of koryolink, as well as specific assistance on a project-definition basis. In exchange for the provision of such services, the Company receives a management fee of 4% of the total gross revenue of koryolink, paid directly to the Company quarterly in USD. The Company is under an obligation in the koryolink Management Agreement to provide such services diligently and in accordance with international standards and practices as they apply in the telecommunications business. The koryolink Management Agreement is effective for the full license period as described above, and automatically renews upon renewal of such license.
DPRK Telecommunications Market
koryolink is currently the only mobile operator in DPRK. A government owned and operated 2G mobile operator which had been operational since 2002 closed down in 2010.
Fixed line telecommunications services in DPRK are provided exclusively by KPTC. Fixed-line service is available in the capital Pyongyang with much lower availability in other cities due to outdated or nonexistent infrastructure.
Internet services are provided through KPTC and are only available for foreigners resident in DPRK.
DPRK is subject to international sanctions imposed by the European Union and the United States. See “Risk Factors – Risks Relating to the Countries in which the Company Operates – DPRK is subject to international sanctions”.
Regulation
No specific telecommunication regulation exists in DPRK.
However, the DPRK government actively oversees koryolink’s operations, and since koryolink is the first commercial mobile operator operating
and sustaining a large scale operation in DPRK, issues are addressed by the government on a case by case basis. Regulatory issues which arise are handled through direct discussion with governmental bodies.
Network
As of 30 September 2011, koryolink’s network covered approximately 94% of DPRK’s population (estimated at 24.5 million) and 14% of its territory through 453 “on air” base stations, covering the capital Pyongyang and 14 main cities and 86 smaller cities. koryolink’s network coverage also extends to over 22 highways through the use of a government built telecommunications network.
Services and Marketing
koryolink’s 3G network supports a variety of services – in addition to voice – such as video call, SMS, MMS, voice mail, newspaper browsing, WAP and high speed packet access (“HSPA”). Recently, koryolink has focused on boosting subscriber growth through targeting various segments with innovative offerings, while continuously expanding sales outlets throughout all main cities in DPRK.
In Q2 2010, in an attempt to make the mobile service more affordable, koryolink introduced a new rate plan targeting lower-end customers resulting acquiring more subscribers from areas outside Pyongyang. In addition, koryolink successfully launched a Video Call service in Q3 2010. In January 2011, koryolink offered to its customers, for the first time in DPRK, the Multimedia Messaging Service (MMS). The service was positively received and continues to exhibit healthy enrolment growth to date.
In February 2011, koryolink introduced a new offering targeting all Korean customers aiming to boost its Euro revenue, called the “Euro Packs”. The “Euro Packs” recharge cards offer free voice & VAS in the off-peak period against Euro currency only. The “Euro Packs” sales trend has seen a steady increase since launch to date, illustrating wide acceptance of the offering in the DPRK market.
In September 2011 the DPRK hosted, for the first time, the 17th ITF Taekwon-do world championships. In recognition of the importance of this worldwide event, koryolink secured a sponsorship agreement with the International Taekwon-do Federation (ITF) through which it became the platinum and exclusive sponsor of the event. This sponsorship and the associated advertising and intense media coverage for koryolink activities and services was the first of its kind in DPRK.
Distribution and Sales
koryolink’s sales network currently consists of five sales shops in various areas of Pyongyang. An indirect sales channel has also been established with koryolink’s local partner (KPTC) consisting of 13 outlets in Pyongyang and 8 sales outlets covering major cities outside the capital. Customers are able to top up their mobile phones by purchasing scratch cards directly from koryolink outlets or from their local partners. In its efforts to maximize its reach to customers, koryolink is continuing to expand its sales presence across DPRK, and hopes to gradually increase the services which it is able to offer to its users.
Customer Care
Being the first company of its kind and scale in DPRK, koryolink has established a number of precedents with respect to customer care. These include a first of its kind bilingual call center to provide customer service, a launch announcement in major newspapers and on radio despite almost non-existent marketing and advertising industries, and the implementation of a koryolink advertising billboard, the first of its kind in Pyongyang.
Other DPRK Operations
In addition to the mobile phone businesses with koryolink, the Company has two other operations in DPRK.
Firstly, the Company indirectly holds a 95% ownership stake in Orabank, a bank joint venture with DPRK’s state-owned Foreign Investment Authority. Orabank started operations in December 2008 and has only provided minor financings to date. The Company hopes to use its investment in Orabank in order to eventually provide koryolink’s customers with access to mobile banking services.
Secondly, the Company is involved in the construction and refurbishment of the 104 story Ryugyong Hotel tower in Pyongyang. Construction of the tower began in 1987 with planned completion in 1989, however, after several delays, construction was halted in 1992. Construction resumed in April 2008 under the supervision of OTH (who had previously not been involved in the project). The exterior work on the building was concluded in 2011 and it is hoped to partially complete the interior refurbishment of the tower’s 360,000 square metres of floor space during 2012. The Company (and previously OTH) has provided financing of approximately US$ 30 million to date and expects to provide a further US$ 15 million. The loan is expected to be repaid when the tower becomes operational. The Company expects to receive a right of use in the tower upon its completion.
(Quelle: kurze Auszüge aus diesem 269-Seiten-Bericht:
http://otmt.com/Files/Uploads/PressRelea...pectus.pdf )