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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Uzbekistan can expect GDP growth of 5.2% this year and 5.4% next, says IMF

The International Monetary Fund (IMF) projects real GDP growth of 5.2% this year and 5.4% in 2025 for Uzbekistan in its newly released ... more

Tashkent Stock Exchange reports decline in 1Q24 trading volume

Tashkent Stock Exchange (TSE) has released its results for 1Q24, revealing a significant decrease in trading volume y/y. The results report, compiled by the TSE and Avesta Investment Group, ... more

Uzbekistan's basalt industry attracts $498mn investment

Uzbekistan’s basalt industry has attracted an investment of $498mn. The focus on basalt stone mining and fibre production, particularly in the Forish district of Jizzakh region, has become a ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    7 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    8 days ago
  4. Don't mention the "D" word - Ukraine
    5 days ago
  5. UBN: The US Needs to Wake Up
    5 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    25 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss