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Sovereign Wealth Funds Briefing - Categorized | Financials

In 2013 Oil Fund to finance AZN 200 mln for fiber to home in Azerbaijan

Posted on 07 December 2012

Aztelekom intends to invest AZN 30 million in the development of its network. Association’s head Magomed Mammadov informs that for the first three quarters of 2012 the volume of investments in the network amounted to about AZN 20 million.
“Our goal today is to increase the number of broadband internet users. As a whole, we plan to spend more than AZN 200 million in the broadband Internet project in regions in 2013 to be allocated by the State Oil Fund of Azerbaijan (SOFAZ),” he said………………………………………..Full Article: Source


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