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Azerbaijan Telecommunication Ministry Invested Over 17 m AZN into IT Sphere of Azerbaijan

ICT Materials 7 August 2006 14:07 (UTC +04:00)

Over the period of the January-July the Ministry of Telecommunications and IT Technologies of Azerbaijan Republic invested 17, 069 300 AZN into the telecommunication sphere of the country. According to the Ministry financial assets mainly were directed to reconstruction of communication objects and construction of new telephone lines both in Baku suburbs and the regions of the country.

Over this period the company of Aztelecom invested 5, 663 700 AZN, Baki Telefon Rabitasi invested 8, 006 200 AZN, Teleradio invested 1, 503 800 AZN, State Company Azerpocht invested 726, 300 AZN into the telecommunication sector of the country.

In 2005 the Ministry invested 157, 571 b AZM (about 66 b AZM more that in 2004) into the telecommunication sphere of the country.

According to the National Bank of Azerbaijan the official rate of exchange of one $US is 0, 8878 AZN.

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