$400 mln to be invested in Optics for Home project in Azerbaijan

$400 mln to be invested in Optics for Home project in Azerbaijan
# 03 December 2012 14:05 (UTC +04:00)

Baku. Ali Ahmadov – APA-Economics. Optic network on Optics for Home model will be delivered to all settlements of the country and both internet and radio, as well as other communication services will be realized via single channel within the future development of telecommunication and internet networks in Azerbaijan, said Minister of Communications and IT Ali Abbasov, APA reports.

To him, it is impossible to achieve big targets on knowledge economy without this project.

The minister noted that this project was developed in association with SOFAZ. It is considered to invest nearly $400 mln in this project within the coming 3 years.

‘As the project is highly profitable, 40% of it will be realized through reinvestment’, added the minister.

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