Bank Of Baku

AzEuroTel pays off debt to Aztelekom

AzEuroTel pays off debt to Aztelekom
# 18 June 2009 14:09 (UTC +04:00)
Baku. Aynur Veliyeva – APA-Economics. Azeri-British Joint Venture AzEuroTel has paid its debt of more than AZN 1 million to Aztelecom.

Aztelecom is a unit under the Ministry of Communications and Information Technologies.

Aztelecom said it has resumed intercommunication channels after the debt was paid.


Aztelecom filed a lawsuit against AzEuroTel with the Baku Economic Court #1 for the payment of outstanding debt for interconnection service used in 2007-2009.

From February 23, Aztelecom had limited the channels providing access to the subscribers of AzEuroTel-operated telephones exchanges with 492/497/437 initials for connection with regions and mobile operators.

AzEuroTel had made a counter-claim, demanding AZN 4 million in damages.

AzEuroTel had said AzTelecom regularly violated the terms of the agreement and fails to ensure the quality and uninterrupted manner of the service, causing damages to AzEuroTel.
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