[3] With the telecommunication satellite Azerspace-1, the company provides broadband and broadcast services to customers in Europe, Africa, the Middle East, the Caucasus, and Central Asia.

[6][7] During a meeting of the Cabinet of Ministers in 2008, President Ilham Aliyev gave a task on "establishment of a modern aerospace industry in Azerbaijan and launch of country’s telecommunication satellite into orbit".

Concurrently, in August 2009, President Aliyev signed a decree on approval of a state program to establish and develop the space industry in Azerbaijan.

[9] In May 2010, the Ministry of Communication and High Technologies reached an agreement with Measat Satellite Systems of Malaysia to lease the geostationary position at the 46° East orbital slot, which belongs to the Malaysian government.

In October 2017, Azercosmos OJSCo was moved out from under the Ministry of Transport, Communication and High Technologies, and became accountable directly to the Cabinet of Ministers.