The Ministry of Communication and Information Technologies has purchased a share of LUKoil Europe ltd in the package of Azeurotel shares and put the company under management of the Baku Telephone Communication Production Association, Turan reports.
Deputy Director General of theassociation Khankishi Kishiyev said that 100% or shares were purchased by the ministry. Director general of Azeurotel Nuru Ahmedov was replaced with Jabit Rasulov, who worked at the association.
There has been no information on the terms and cost of the deal.
The Azerbaijani-UK joint venture Azeurotel was founded in 1995 by the Ministry of Communication and Information Technologies and LUKoil Europe ltd. (UK) with equal shares. Azeurotel is a telephone operator of 492/497/437 and is an Internet-provider.
Press-secretary of the State Committee for Property management Gulu Halilov said that his structure was not involved.
Azerbaijani president signed a decree in March 2001, allowing privatization of enterprises, including joint ventures. Azercell and Bakcell were privatized, as well as the Internet-provider Ultel.
