BAKU, Azerbaijan, July 31
By Fidan Babayeva - Trend:
The revenues of Azerbaijan's Azercosmos OJSC from the export of satellite and telecommunication services exceeded $21.5 million from January through June 2020, which is 16 percent more compared to the same period of 2019, Trend reports citing the Export Review of the Center for Analysis of Economic Reforms and Communication of Azerbaijan (CAERC).
According to the CAERC, Azercosmos' revenues from the export of the mentioned services accounted for 89 percent of the space operator's total revenues.
In the first half of 2020, services were provided to 27 countries, including the UK, the US, France, Malaysia and the UAE.
In June 2020, Azercosmos exported the services in the amount of $2.4 million to 20 countries, the CAERC noted.
Azercosmos OJSC operates two communication satellites - Azerspace-1 and Azerspace-2, as well as the Azersky low-orbit satellite.
In 2019, the company's revenue from satellite and telecommunication services exports amounted to $43.4 million, which is 70 percent more compared to 2018.
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