AzerTelecom presented Trans Caspian Fiber Optic (TCFO) project at World Economic Forum 2020

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Azar Bayramov, Deputy CEO of AzerTelecom (on right) presenting

(By Shahid Qureshi, Chief Editor) : –

In an exclusive conversation with The London Post, Azer Bayramov, Deputy CEO of AzerTelecom, said, ‘he joined the panel discussion on “Access to global markets: new transit opportunities for Greater Caspian region” organized in the framework of Caspian Week 2020.

Mr. Bayramov presented, ‘Trans Caspian Fiber Optic (TCFO) project implemented by AzerTelecom as a part of the Azerbaijan Digital Hub program. Project brings the unique opportunity to link Europe and Asia through ancient Silk Road which accelerates growth and sustains digitalization of Eurasia.

Azertelecom, a backbone internet provider connecting Azerbaijan to the global internet network, was represented in different events during the World Economic Forum 2020 in Davos, Switzerland.

Connecting Europe and Asia by building the TransCaspian Fiber Optic cable along the seabed of the Caspian Sea will cut the distance and provides better latency. The cable boosts Azerbaijan’s status as a major hub for digital infrastructure and Azerbaijan’s location between Europe and Asia makes it the ideal location for strategic edge data centers for global companies.

Azerbaijan AzerTell Davos 2020

AzerTelecom is building the data cable with its partners from Kazakhstan and Turkmenistan. AzerTelecom LLC and Integral Petroleum S.A signed a Memorandum of Understanding during Caspian Week 2020. The companies expressed their mutual intent to establish a strategic partnership on the improvement of internet connectivity, economic development, better access to the global markets and data transition in the Greater Caspian Region.

The partnership and cooperation between the two leading companies of Switzerland and Azerbaijan demonstrates the enormous transit potential of the Greater Caspian Region that can be exploited with the help of two parties. Both companies recognize to have a corporate responsibility to stimulate regional development and they are ready to establish new partnership ties with other companies to ensure the progress.

Taking into consideration that AzerTelecom, being a backbone internet provider, connecting Azerbaijan to the global network is very active in the telecommunication sector of the Greater Caspian Region and Integral Petroleum is very active in trading, logistics and implementing digital tools, the companies will maximize efforts to significantly expedite social and economic development in Caspian Region.

“The signing of this document with Integral Petroleum S.A – one of the leading companies of Switzerland opens up new perspectives for mutual cooperation. We believe that this collaboration will ultimately contribute to the sustainable development of our country and Greater Caspian Region”, said Fuad Allahverdiyev, CEO of AzerTelecom.

Azerbaijan AzerTell Davos 2020.jpg MOU
Fuad Allahverdiyev, CEO of AzerTelecom (left) signing MOU with Murat Seitnepesov, Managing Director, Integral Petroleum SA.

We are implementing logistics technologies which will radically improve connectivity of the Greater Caspian Region with the world market. This includes IoT solutions, fleet optimization tools and other elements.

Collaboration with Azer Telecom is an essential part of this Program, said Murat Seitnepesov, Managing Director, Integral Petroleum SA.

The Caspian Week 2020 Conference, a platform for meeting of global leaders, visionaries and experts, took place on January 20-24 in the heart of Davos. The conference pursues three aims: promoting the interaction between the Caspian Region and the world; improving cultural, political, business, and scientific relations and introducing and implementing innovations and new technologies to the Caspian Region.

AzerTelecom is one of the largest telecommunication operators in Azerbaijan and the subsidiary of Bakcell, the first mobile operator and the fastest mobile internet provider in Azerbaijan. AzerTelecom connects Azerbaijan to the global Internet network through the diversified network.

Currently, AzerTelecom carries out Azerbaijan Digital Hub (ADH) program to turn Azerbaijan into the digital hub. The three-phase program will transform Azerbaijan to the regional digital hub for Caucasus, CIS, Central and South Asia, Middle East and surrounding regions.

Integral Petroleum is a trading and logistics company established in 2008 in Geneva, Switzerland, and active primarily in the markets of Caspian Region, the Caucasus and Central Asia. In 2015 Integral Petroleum became one of the largest exporters and logistics providers for crude oil and petroleum products originating from Caspian Region. (end)

 

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