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Azerbaijan exports satellite services worth over $22M

ICT Materials 19 December 2018 15:53 (UTC +04:00)

Baku, Azerbaijan, Dec. 19

By Huseyn Veliyev - Trend:

The revenues of Azerbaijan's Azercosmos OJSC from the export of satellite and telecommunication services in October 2018 amounted to $5.7 million,Trend reports referring to the Export Review, published by the Center for Analysis of Economic Reforms and Communications.

According to the Center, the revenues received by Azercosmos from the export of services reached 88 percent of its total revenues.

The total amount of revenues received by Azercosmos from the export of satellite and telecommunication services in Jan.-Oct. 2018 reached $22.4 million.

Azercosmos provided 23 countries with its services. The bulk of the operator’s service exports accounted for France ($9.8 million), Malaysia ($8.4 million), the UAE ($1.3 million), Germany ($751,000) and Georgia ($488,000).

Azercosmos OJSC operates geostationary satellites Azerspace 1, Azerspace 2 and low-altitude satellite AzerSky.

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