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entrepreneur Naguib Sawiris and merged the two companies. This led to the establishment of two separate companies, Orascom Telecom Holding, based in Cairo, and Orascom Telecom Media and Technology Holding. Excluded from this transaction were the activities in North Korea (Koryolink) and Egypt, which were transferred to Orascom Telecom Media and Technology Holding, which remained majority-owned by Naguib

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