Date:12/10/11
Azerbaijan has signed a loan agreement to finance launching of the country's first telecommunications satellite Azerspace into orbit, Azerkosmos chairman Rashad Nabiyev told on Tuesday.
The negotiations on the loan from the French export credit agency COFASE have been already held with French banks Sosiete Generale and SMBC. The deal will be financed with a two-year period for the use of funds and a ten-year repayment period.
The satellite is expected to be launched into orbit in late 2012. Azerspace's manufacturer is Orbital Sciences Corporation. An orbital position of 46 degrees east longitude has been leased from Malaysian satellite operator MEASAT. French Arianspace will send the satellite into orbit.
Azerbaijan signs loan agreement to finance Azerspace’s launch
Azerbaijan has signed a loan agreement to finance launching of the country's first telecommunications satellite Azerspace into orbit, Azerkosmos chairman Rashad Nabiyev told on Tuesday.The negotiations on the loan from the French export credit agency COFASE have been already held with French banks Sosiete Generale and SMBC. The deal will be financed with a two-year period for the use of funds and a ten-year repayment period.
The satellite is expected to be launched into orbit in late 2012. Azerspace's manufacturer is Orbital Sciences Corporation. An orbital position of 46 degrees east longitude has been leased from Malaysian satellite operator MEASAT. French Arianspace will send the satellite into orbit.
Views: 1193
©ictnews.az. All rights reserved.
Similar news
- Baku Telephone Communication Production Association is building new base station
- Recreation center for communication workers has been reconstructed
- Hybrid post trade is created in Azerbaijan
- Azerbaijan in list of countries rapidly decreasing prices of communication
- All Azerbaijani TV channels are broadcast across Karabakh
- Memorandum of Understanding will be signed for “TESIH”
- New TV station will be built for digital TV
- New television station to be built in Baku
- Ministry of Communications and IT improved rules of conduct of civil servants
- Azerbaijani and French representatives of ICT sector to discuss cooperation
- The capital’s ATE central stations to be based on NGN technology
- Connection to ATE to be in electron format in Baku
- New computer room in “Communications Worker” health camp
- Azerbaijani Communications and IT Ministry agrees on terms of leasing Azerspace
- Introducing e-services in government agencies in Azerbaijan will prevent corruption and reduce bureaucracy
