First Azeri Satellite Launched, Two More Planned in 2015-2016

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Azerbaijan launched its first communications satellite as the oil-rich former Soviet republic seeks to develop information technology to diversify its economy beyond energy.

The third largest oil-producer in the former Soviet Union plans to launch two more communications satellite in 2015 and 2016, President Ilham Aliyev said today in an address to the nation, according to state news agency Azartac.