Azercosmos has signed an agreement with satellite services company, UltiSat, Inc.

Artistic rendition of Azercosmos' Azerspace-1 satellite.

According to the agreement, UltiSat will provide data services in the Middle East and Europe using the resources of the telecommunication satellite Azerspace-1. UltiSat is a subsidiary of Speedcast International Ltd. (ASX: SDA)

Mark Guthrie, CCO, Azercosmos said the company is glad to have UltiSat in our portfolio as a strong and reliable partner. The firm truly believes that this cooperation will ensure that every community is provided with data services that are in high demand during these challenging times.

Chris Hetmanski, EVP of Business Development, added that the firm is excited about this new relationship with Azercosmos. UltiSat looks forward to working closely with the firm's new partner during the coming months to deploy advanced, managed network services for customers.