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Azerspace Satellite to be Transferred Under Management of Azerkosmos

The first Azerbaijani satellite Azerspace/Africasat-1 will reach its orbit by February 15, president of Azerkosmos Rashad Nabiyev said.

He said the tests will continue for about 20 days and the satellite will be handed over to the management of Azerkosmos in early March.

Nabiyev added that today more than 40 per cent of satellite resources have been leased. The first revenues from the sale of satellite resources will be received in May.

Azerbaijan's domestic needs for satellite capacity stand at 20 percent.

The company examined the foreign markets and accepted the proposals of many countries to buy satellite space. Preliminary agreements were reached with some of them to lease satellite capacity.

Source: Trend

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