Despite the increase in the subscriber base of the local mobile operator Azercell (at the end of 2014 4.3% - up to 4 million 567 thousand), the International ICT sector giant TeliaSonera (the major owner) is going to reduce the presence in the Azerbaijani market.
According to today's report, the company has created a new strategy, under which the activities will focus exclusively on Europe, in particular, Sweden, reducing to a minimum the presence in Eurasia (Azerbaijan, Kazakhstan, Uzbekistan, Georgia, Moldova, Nepal and Tajikistan).
The holding does not explain the reasons, however, it informs on the beginning of a process which will take time, but it will be irreversible.
Recall, TeliaSonera owns 58% stake in Fintur Holdings B. V, through which it operates the leading local mobile operator Azercell. --17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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