AzerTelecom and Kazakhstan’s Transtelecom agree to cooperate with Kyrgyzstan and Uzbekistan in Caspian fibre project

AzerTelecom and Kazakhstan’s Transtelecom agree to cooperate with Kyrgyzstan and Uzbekistan in Caspian fibre project
By bne IntelIiNews October 17, 2021

Azerbaijan’s leading wholesale telecommunications operator, AzerTelecom, and Kazakhstan’s Transtelecom have agreed to cooperate with telecom operators in Kyrgyzstan and Uzbekistan within the Trans Caspian Fiber Optic (TCFO) project.

The project is aimed at constructing a fibre-optic cable line along the bottom of the Caspian Sea between Azerbaijan and Kazakhstan. It was launched in late 2019.

As part of the CIS GCCM 2021 Conference held in Nur-Sultan last week, AzerTelecom and Transtelecom signed two memorandums of cooperation — one with Telegraph 42 Management Gmbh, represented in Uzbekistan, and another with ElKat, represented in neighbouring Kyrgyzstan.

“We believe that in light of the increase in Internet consumption all over the world, this large-scale digital project will contribute to the development of the telecommunications industry in the region, as well as the expansion of business between countries and companies,” chairman of the board of directors at AzerTelecom, Fuad Allahverdiyev, said at the conference.

Related Articles

IMF says Azerbaijan’s banking sector stronger but systemic vulnerabilities persist

The International Monetary Fund (IMF) has concluded that Azerbaijan’s financial system has made considerable progress in strengthening resilience since the 2015 oil price shock and 2020 COVID-19 ... more

Azerbaijan’s banking sector assets reach AZN27.88bn with a 2.55% NPL ratio in March 2025

The Azerbaijani banking sector has demonstrated remarkable resilience and steady growth in recent years, despite global economic challenges, according to the latest central bank ... more

Azerbaijani banks report mixed financial performance in Q1 2025

Azerbaijan’s leading commercial banks released their financial results for the first quarter of 2025, showing a mixed performance in profitability, digitalisation, credit growth and capital ... more

Dismiss