Azerspace-1 to be self-subsidized starting from 2016 - minister

  19 January 2015    Read: 1303
Azerspace-1 to be self-subsidized starting from 2016 - minister
Azerbaijan
Currently, intensive work is underway on commercialization of services rendered with the help of the satellite, according to the minister.

“If the satellite operator repaid 50 percent of the attracted loans as of H1 of 2013, this figure has reached 75 percent today,” Abbasov said.

He added that the satellite will fully cover the expenditures from 2016 and start generating revenues.

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