Azercosmos earns 590 million manats from Azerspace-1 in 10 years

15:47 - 14.06.2024

June 14, Fineko/ Azercosmos has earned 590 million manats over the past 10 years of commercial satellite services with the launch of Azerbaijan's first telecommunications satellite Azerspace-1 into orbit.

ABC.AZ informs that this is stated in the report of Azerbaijan’s space agency Azercosmos following 2023.

It was noted that in 2023, our telecommunications, optical satellite and teleport services were rendered to about 200 companies from more than 45 countries. Thanks to these services, income of 48 million manats was received.

Among the countries with a large share in terms of profitability of services, the UK, Luxembourg, the UAE, Germany, Nigeria and Pakistan are the leaders.