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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