Azercell to invest USD130 million

18 Dec 2006

Azerbaijan’s leading cellco Azercell has announced it will be investing USD130 million in the course of 2007. Azercell, which had achieved two million subscribers by the end of September 2006, is 35.7% owned by the Azeri government. In June 2006 the government said it wished to sell its stake by the end of the year, but no further announcements have been made.

Azerbaijan, Azercell