The revenues of Azerbaijan’s state-owned satellite operator Azercosmos - from commercial operation of satellites and telecom services - increased by 4.2 times year-on-year in January-February, amounting to $8.4 million, local media reported,

Azercosmos is the only satellite operator in the Caucasus. Having launched Azerbaijan’s first-ever satellite Azerspace-1 in February, 2013, the company provides highly reliable satellite-based communication services to enterprise and government customers for DTH, voice, video, data and mobile applications.

Azerbaijan has earned $14.1 million from the commercial operation of the Azerspace-2 satellite in seven months of this year, Trend reports with reference to Azercosmos OJSC.

Today, Azerbaijan is a member of space satellite club with three satellites, long-term space industry development programs and infrastructure and strengthens its position in the global space industry market.

Azerbaijan's telecommunications satellite Azerspace 2 reached its test orbit on Dec. 18, Azercosmos OJSC told Trend.

Azerbaijan’s telecommunications satellite Azerspace-2 will reach its target orbit - 45 degrees east longitude in January 2019, Azercosmos OJSC told Trend.

The launch of Azerbaijan's new telecommunications satellite Azerspace-2 represents great significance in terms of strengthening the country's position in the space club and improving its image, Osman Gunduz, President of the Azerbaijani Internet Forum, told Trend Sept. 27.

Azerbaijan`s Azerspace-2 satellite was sent into orbit from Guiana Space Center in French Guiana on September 26.

The launch of Azerspace-2/Intelsat 38, the second telecommunications satellite of Azerbaijan, is scheduled for May 25.

The launch of Azerspace-2, the second telecommunications satellite of Azerbaijan, is scheduled for April 30 this year, a source familiar with the project told Trend.