AzTelekom earnings rise in 2007

17 Jan 2008

Earnings of state-owned telco AzTelekom increased by 23% in 2007, reports Azerbaijan Business Centre, without giving further details. It also reports that AzTelekom, held on behalf of the government by the Ministry of Communications & Information Technology (MCIT), invested AZN20 million (USD23.66 million) on infrastructure projects last year. In total, 442km of fibre-optic links were installed, and 33,000 new lines were added in 2007, and digitisation of local exchanges continued; by the year-end over 70% of the PSTN had been upgraded, and the MCIT has stated that the process will be completed by the end of 2008.

Azerbaijan, AzTelekom