BAKU, Azerbaijan, February 3. The State Space Agency of the Republic of Azerbaijan ("Azercosmos") generated $18.5 million in telecommunications service exports last year, the nation's Economic Reform Analysis and Communication Center's (ERACC) report said, Trend reports.
As per the obtained data, this figure represents a drop in the bucket of $1.3 million, or 6.6 percent, compared to the previous year when Azercosmos raked in $19.8 million from telecommunications services.
Moreover, Azercosmos provided satellite telecommunications services to 50 countries worldwide during the reporting period, two fewer than in previous years. Revenues from service exports accounted for 73 percent of the agency's total income.
In 2024, the top five countries in terms of satellite telecommunications service exports were the United Kingdom, with $6 million; Luxembourg, with $3.8 million; the UAE, with $855,500; Pakistan, with $683,800; and Türkiye, with 654,500.
Additionally, in December 2024, Azercosmos raked in $1.6 million by providing services to 40 countries across the globe.
The Space Agency of the Republic of Azerbaijan (Azercosmos) is a public legal entity under the Ministry of Transport, Communications, and High Technologies of the Republic of Azerbaijan and the successor to Azercosmos Open Joint Stock Company, the inaugural satellite operator in the Caucasus region, wholly owned by the Government of Azerbaijan. The company offers internet and television services to clients throughout Europe, Africa, the Middle East, the Caucasus, and Central Asia through the telecommunication satellite Azerspace-1. Azercosmos offers satellite imaging and geoinformation services through the Earth Observation satellite Azersky. Azercosmos manages a teleport in Baku that acquires communications through intermediary satellites, metronets, and fiber optics. This teleport facilitates uplink services, data dissemination, and internet access.