MCIT takes full ownership of AzEuroTel

26 May 2011

Azerbaijan’s Ministry of Communications and Information Technologies (MCIT) has acquired the 50% in telecoms operator AzEuroTel it does not already own from LUKoil Europe, Azerbaijan Business Center reports. The management of AzEuroTel has been transferred to state-owned fixed line operator Baku Telephone Production Association (BTRIB). The terms and cost of the deal have not been disclosed. TeleGeography’s GlobalComms Database states that AzEuroTel was established as a 50/50 UK-Azeri joint venture between LUKoil Europe and the MCIT in 1995 and licensed by the then-Ministry of Communications in July 1996. It provides international and national voice telephony throughout the country, and local telephony in Baku.

Azerbaijan, AzEuroTel, Ministry of Transport, Communications and High Technologies