Bank Of Baku

Azerbaijan to invest $342 mln in development of fibre-optic infrastructure

Azerbaijan to invest $342 mln in development of fibre-optic infrastructure
# 19 June 2012 09:50 (UTC +04:00)
Baku. Nijat Mustafayev - APA-Economics. By 2015, Azerbaijan will invest $342 mln in development of fibre-optic infrastructure, Minister of Communications and IT Ali Abbasov said, APA reports.

To him, the investment will be put by the SOFAZ: ‘As this sphere is profitable, 40%
of invest will be reinvestment. Currently, fibre-optic channels cover 755 of Azerbaijani territory’.
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