Baku: Negotiations are ongoing with potential satellite manufacturers, partners for the joint use of the satellite, and financial institutions regarding the Azerspace-3 project, which is Azerbaijan's third telecommunications satellite, the Azerbaijan National Space Agency (AZERCOSMOS) said in response to APA-Economics' inquiry.

According to Azeri-Press News Agency, there is no change in the target regarding the satellite's readiness and operation. Traditional similar satellites usually have an operational lifespan of 15 years, though different durations are possible on modern platforms. Additional information will be provided once a final decision is made regarding the satellite's manufacturer and the allocated investment.

Recall that Azerbaijan's first telecommunications satellite, 'Azerspace-1,' was launched into orbit in 2013, while the second telecommunications satellite, 'Azerspace-2,' was launched in 2018. Since 2023, work has begun on the 'Azerspace-3' project aimed at replacing the 'Azerspace-1' satellite in 2028-2029.