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Azercell Telecom announces 2008 results

27 April 2009 15:28 (UTC +04:00)

Baku. Aynur Veliyeva â€“ APA-Economics. Azercell Telecom LLC, Azerbaijanâ€™s leading mobile operator, has announced 2008 results at todayâ€™s press conference.

In the conditions of world economic crisis and strong competition in the Azerbaijani telecommunication sector, the year of 2008 was successful in Azerbaijan, said Mr.Ali Agan CEO of Azercell Telecom LLC.

Saying that almost $72,1 million has been invested in 2008 into the development of telecommunication of Azerbaijan, Azercell CEO has noted that the overall amount of investment made in last 13 years has totaled nearly $1 billion.
â€œAzercell remains the largest investor of the national non-oil sector. At the same time, we are the largest taxpayer of non-oil sector. The amount of taxes paid by us in 2008 makes 10% of overall tax payments in non-oil sector. In general, our tax payments constitute 2% of the Azerbaijani budgetâ€.

In 2008, Azercell Telecom LLC has paid almost $163 million and $603 million in last 13 years to the State budget.
Briefing journalists about the Azercellâ€™s 60% share of the mobile communication market in Azerbaijan, Mr.Ali Agan stated that the network of his company covers 80% of the national territory which means that 99,6% of Azerbaijani population is able to benefit from Azercell services.

â€œThe best investment that we can make in Azerbaijan is the investment into human resources. I have stated always that one of main reasons of our success is our personnel. Our employees are our main asset of Azercell. Therefore, in 2008 as Azercell we have invested almost $2,3 million into the development of our employees and sent them to various trainings abroad,â€ he added.

In spite of the current serious competition in the Azerbaijani mobile market last year, Azercell continued to grow and kept its leader position gained in last decade.

At the end of 2008, the overall number of Azercell subscribers has reached 3,5 million. Informing about the expansion of Azercell network, the head of the company has stated that it disposes the telecommunication infrastructure equipped with sophisticated technologies.

Mr.Ali Agan said: â€œIn general, while we see the slowing development pace of the Azerbaijani mobile communication market, there is an increase in our sales. Currently, the number of our subscribers exceeds 3 million 600 thousand. We keep growing in the condition of strong competition, and the number of our subscribers is a very illustrated example. I am confident that this number will increase further and we will see also the increasing number of those who pay confidence and value us highly because Azercell offers the best quality communication in the countryâ€.

Describing the social activities of Azercell, he stressed that the company supports the future, economy and social prosperity of Azerbaijan at the basis of its leader position in the field of social responsibility. Azercell has spent $2,5 million in 2008 and $11,5 million in last 13 years for the implementation of social projects. At the same time, the company has realized many projects in the framework of its Shared Development Platform directed to the development of the professional journalism in Azerbaijan.