[1] In 2008, state shares were transferred to the Aliyev family's companies at a massive discount, effectively costing Azerbaijan's people at least $600 million.

[1] Azercell Telecom LLC was established in January 1996 as a joint venture between the Azerbaijan government and Turkcell, a large Turkish mobile operator.

Azercell become the second-largest taxpayer operating outside the country's oil sector.

The Azerbaijan government stepped in to block TeliaSonera from privatizing the state-owned company on its own.

The government instructed TeliaSonera that Cenay Insaat (a Turkish company known for collaborating with the Aliyev regime) and an unknown "local partner" had to undertake the privatization.