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Azerbaijan's revenues from export of satellite services up in 2020

ICT Materials 29 January 2021 16:03
Azerbaijan's revenues from export of satellite services up in 2020

BAKU, Azerbaijan, Jan. 29

By Sadraddin Aghjayev - Trend:

The revenues of Azerbaijan's Azercosmos OJSC from the export of satellite and telecommunications services amounted to $45.1 million in 2020, which is by four percent more compared to 2019, Trend reports citing the Export Review of the Center for Analysis of Economic Reforms and Communication (CAERC) of Azerbaijan.

According to the center, Azercosmos' profit from the export of the mentioned services accounted for 90 percent of the space operator's total income.

Azercosmos rendered the services to 30 countries, including the UK, the US, France, Malaysia, and the UAE in 2020.

The company exported its services worth $3.8 million to 23 countries in December 2020.

Azercosmos OJSC operates two communication satellites - Azerspace-1 and Azerspace-2, as well as the low-orbit satellite - Azersky.

The company's revenues from the export of satellite and telecommunications services in 2019 amounted to $43.4 million, which is 70 percent more compared to 2018.

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