Azerbaijani media, citing announcement of Minister of Communication and Information Technologies Ali Abbasov, reports that Azerbaijan’ satellite was insured in the worth of $17million.
According to him the satellite is very qualitative and ready to launch into orbit and if any accident occurs, the insurer will pay it fully.
Abbasov noted that Azerbaijan’s first telecommunication satellite will be launched into orbit in the first decade of February, 2013, Earth-observation satellite will be launched in 2014, and the second telecommunication in 2016.