Bank Of Baku

Azerbaijan’s AB SkyBell shuts down

Azerbaijan’s AB SkyBell shuts down
# 19 January 2009 10:40 (UTC +04:00)
Baku. Aynur Veliyeva – APA-Economics. Azerbaijan-based IT firm AB SkyBell said it would shut down from February 1.
Sabina Babayeva, CEO of AB Skybell, said the shareholders have decided to shut down operation because of lack of profit in internet services and the impact of the world financial crisis.
The company has also suspended the release of SkyNet branded internet dial-up cards and set expiration date for the already sold cards for the end of February.
AB SkyBell, as part of AB Standard Holding, has been in operation since 2004.
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