Azerbaijan to make over $200M using AzerSky

Azerbaijan to make over $200M using AzerSky satellite

22:15 09 March 2016 Read: 1052

Azerbaijan to make over $200M using AzerSky satellite

During the next 12 years, Azerbaijan

The forecasts were included to a report on the work of the Cabinet of Ministers in 2015, which will be discussed by the Azerbaijani parliament March 15.

Earlier, Azerbaijan’s satellite operator AzerCosmos signed a loan agreement with Japan’s Sumitomo Mitsui Banking Corporation and Mizuho Bank Ltd. to get funds for the purchase of a terrestrial station to control AzerSky.

The loan amounted to 132 million euros.

The AzerSky satellite was handed over to Azerbaijan in line with an agreement inked Dec. 2, 2014 at the BakuTel exhibition by AzerCosmos and the Airbus Defence and Space.

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