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Sovereign Wealth Funds Briefing - Categorized | Market

Azerbaijan starts talks with world’s leader banks on funding fiber to home program

Posted on 19 February 2015

The Ministry of Communications & High Technologies of Azerbaijan (RYTN) is trying to save the national program of fiber-optic network development - fiber to home. At a meeting in the Caspian-European Club (CEIBC) Communications Minister Ali Abbasov has stated that negotiations with international banks about financing for the program realization have been launched.
Earlier, the State Oil Fund of Azerbaijan (SOFAZ) undertook the obligation to allocate $100 million for the program, but the funding has not yet been opened. The total cost of the program to be implemented for 3 years is estimated at EUR 500 million………………………………………..Full Article: Source


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