Azercell’s Barama Center signs memorandum of cooperation with PASHA Bank
Baku, Azerbaijan, Oct. 7
At a time denominated by technological innovation Barama Innovation and Entrepreneurship Center of Azercell Telecom LLC continues to implement interesting projects in the epoch of technical inventions. Operating since 2009 Barama Center supports the emergence of local start-ups and facilitates the development of technological literacy and entrepreneural skills. The Center cooperates with a number of global organizations and NGOs to develop innovative environment.
Azercell Barama Center has signed a memorandum of cooperation with PASHA Bank, a leading bank of the country. The major objective of the project for both companies is to support the growth and strengthening of individual entrepreneurship .
It should be mentioned that Barama Center and PASHA Bank also cooperated in Seedstars World competition held last summer in Baku. PASHA Bank is a respected and reliable bank in Azerbaijan with professional team of economists. The develoopment of banking, technologies in this field, as well as small-and medium-size businesses in the country are the issues of great strategic importance for PASHA Bank.
In this regard, as a project joining the objective and interests of the esteemed companies, Barama Innovation and Entrepreneurship Center of Azercell creates perfect opportunities for successful business cooperation.
Azercell Telecom LLC was founded in 1996 and since the first years sustains a leading position on the market. Azercell introduced number of technological innovations in Azerbaijan: GSM technology, advance payment mobile services, GPRS/EDGE, 24/7 Customer Care, full-time operating Azercell Express offices, mobile e-service "ASAN imza" (ASAN signature) and others.
With 51% share of Azerbaijan's mobile market Azercell's network covers 99,8% of the country's population. Currently, the number of Azercell's subscribers reached 4,6 million people. In 2011 Azercell deployed 3G and in 2012 the fourth generation network - LTE in Azerbaijan. The Company is the leader of Azerbaijan's mobile communication industry and the biggest investor in the non-oil sector. Azercell is a part of TeliaSonera Group of Companies serving 186 million subscribers in 17 countries worldwide with 27,000 employees.