Azerbaijan amends law on privatization of satellite communication facilities

Приватизацията на сателитните комуникации ще стане възможна в Азербайджан

Elchin Mehdiyev

In October 2023, Israel Aerospace Industries (IAI), Israel's world-leading aerospace and defense company announced a cooperation agreement for the sale of two cutting-edge satellites to Azercosmos, a pioneering force of Azerbaijan's space industry. The satellites are uniquely advanced, having better than 0.5-meter native resolution and a long life span with high imaging performance.

Photo credit: Shay Gal, VP External Relations, Israel Aerospace Industries (IAI)

Satellite communication infrastructure in geostationary orbits are excluded from the list of state property, which prior to this exemption precluded their privatization, Trend reports.

This issue was reflected in the amendment to the Law On the privatization of state property, which was discussed today at the session of the Azerbaijani Parliament.

Thus, the phrase "satellite communication facilities in geostationary orbits" is excluded from Article 6.2.1 of the Law (property kinds that cannot be privatized).

Following discussion, the amendment was put to a vote and approved in the third reading.