(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 26. Azercosmos OJSC andTürkiye's satellite operator Turksat have signed a commercialagreement, Trend reports.
According to the OJSC, thanks to this cooperation, Turksat willuse the resources of the Azerspace-2 satellite in data transmissionprojects in the African region. At the same time, Azercosmos willbe able to use the new satellite technologies of Turksat.
Meanwhile, Azerkosmos strives to become one of the drivingforces of the global space industry by participating in a widerange of research and development activities and major globalprojects, cooperating with international stakeholders and partners,and introducing local know-how.
The goal of Azercosmos OJSC is to create a space ecosystem inAzerbaijan.
To note, according to the results of 2023, revenues ofAzerkosmos OJSC from the provision of satellite andtelecommunication services amounted to $19.8 million. This is 25.56percent, or $6.8 million less than in 2022. Based on the data ofthe Center for Analysis of Economic Reforms and Communications ofAzerbaijan, only in December, Azercosmos' revenues from the exportof services to 45 countries amounted to $1.8 million.
During the reporting period, based on the center's data, the JSCexported satellite and telecommunication services to the UK (for$5.8 million), Luxembourg ($4.1 million), UAE ($1.6 million),Germany ($1 million), and Nigeria ($724,900).
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