Baku, Azerbaijan, Oct. 1
By Kamala Mammadli - Trend:
Azercosmos OJSC has selected a company to provide underwriting services in order to increase its authorized capital, Trend reports referring to the State Procurement Agency of Azerbaijan.
The relevant contract worth 40,000 manats was signed with Invest-AZ investment company.
The selection was carried out by the method of quotation survey.
The first and only satellite operator in the South Caucasus, Azerkosmos OJSC provides high-quality satellite services for the telecommunications sector and in the field of topographic survey. The strategic development plans of the company include expanding the coverage and range of services.
In 2018, Azercosmos launched the second telecommunications satellite Azerspace-2 into the target orbit, located in a geostationary orbit of 45 degrees east longitude.
The main satellite control center is located on the 37th kilometer of the Baku-Shamakhi highway, and the backup one is located in Azerbaijan’s Nakhchivan Autonomous Republic (NAR) in the Nehejir settlement of the Julfa district.
The first communications satellite of Azerbaijan, Azerspace-1, was launched into geostationary orbit at 46 degrees east longitude on Feb. 8, 2013. The satellite was launched from the Kourou space center in French Guiana by Arianespace.
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