BAKU, Azerbaijan, August 26. AzerTelecom and Kazakhtelecom leading telecommunication operators of Azerbaijan and Kazakhstan continue joint efforts in implementing the Trans-Caspian Fiber Optic cable line, Trend reports.
Within the cooperative framework, AzerTelecom from the Azerbaijan side and Kazakhtelecom from the Kazakhstan side have established joint venture responsible for the construction and operation of the Trans-Caspian Fiber-Optic cable line along the Azerbaijan-Kazakhstan route on the seabed of the Caspian Sea.
“The joint venture creation is another important step parties have completed on the way to build the Trans-Caspian Cable system. This step confirms both parties’ adherence to the project of global importance. The joint venture will be investing into the creation of the most important element of the “Digital Silk Way” project, the Trans-Caspian Fiber-Optic cable line that will ensure the transfer of multi-terabit data volume between Asia and Europe. The Digital Silk Way route will play a significant role in enhancing the business environment, economic development and elevating countries’ positions on the global arena. It will open up new opportunities for regional cooperation”, said Sergey Nazarenko, Chief Operating Officer at AzerTelecom.
“We are dedicated to collaboration to ensure our project becomes the most prominent in the region. Our goals also include establishment of new partnerships that will aid us in fostering the growth of digital services and products, spanning from Asia to Europe”, said Akimzhan Akhylbekov, Managing Director of Business Development with Government Entities of Kazakhtelecom.
In addition, revenues from mobile communication and information services have increased in Azerbaijan.
Revenues from mobile communication and information services in Azerbaijan amounted to 1.7 billion manat ($1 billion) from January through July 2023.
According to the State Statistics Committee of Azerbaijan, this indicator increased by 13.7 percent compared to the same period in 2022 (75.8 percent of services were provided to the population).
During the reporting period, revenues from mobile communication services in Azerbaijan amounted to 654.4 million manat, or $384.9 million (38.2 percent of the total revenue of the telecommunications market).
World-famous Turkish electronic trading platform Trendyol announced the establishment of a company in Azerbaijan this week .
In addition, Uzbek payment service Ozon has launched interest-free money transfers to Azerbaijan.