“We will start elaborating a development plan by the end of this year or early next year to establish what kind of satellite we need, of what capacity and what costs that entails. We don’t just want Romania to have its own satellite, we want it to be profitable. Having our own satellite would reduce our satellite communication services costs 2.5 times,” said Cotovelea.
He added Azerbaijan needed 3-4 years before launching its medium-capacity satellite on orbit.
“Depending on performance, a satellite costs anywhere between tens of thousands of euros and hundreds of thousands of euros. There are three or four entities in the world that can launch satellites into orbit and about 10 satellite producers,” said Cotovelea.