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Azerbaijan's Azercosmos reveals revenues from export of services

ICT Materials 1 December 2022 11:05 (UTC +04:00)
Azerbaijan's Azercosmos reveals revenues from export of services
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 1. Azerbaijani Azercosmos' OJSC revenues from the export of satellite and telecommunication services from January through October 2022 amounted to $21.7 million, Trend reports via the "Export review" of the country's Center for Analysis of Economic Reforms and Communication.

The export of services accounted for 81 percent out of the total income of the company.

During the reporting period, Azercosmos OJSC exported satellite and telecommunication services to the UK ($5.5 million), France ($4.6 million), Luxembourg ($3.6 million), UAE ($1.9 million), and Pakistan ($1.2 million).

In October 2022, the satellite operator exported services worth $2.4 million to 36 countries in total.

The company owns two communication satellites – Azerspace-1 and Azerspace-2, as well as the low-orbit Azersky satellite.

The receipts of Azercosmos OJSC from the export of satellite and telecommunications services amounted to $45.3 million in 2021, which was $200,000 more than in 2020.

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