Latest news with #NEQSOLHolding
Yahoo
19-03-2025
- Business
- Yahoo
NEQSOL Holding Announces Second Phase of Women Leadership Development Program
AMSTERDAM, March 19, 2025 (GLOBE NEWSWIRE) -- NEQSOL Holding, an international group of companies serving over 25 million customers in 11 countries, has said there will be a continuation of its leadership and development program for female university students in Azerbaijan, in cooperation with the Education Development Fund of Azerbaijan. The program has been named 'Parla,' which means shine in Azerbaijani. This academic year, a new group of 50 female students has been selected, bringing the total number of beneficiaries to 100. While the program was initiated in Azerbaijan as a pilot, it is currently being evaluated for roll-out in global markets. The latest group of 50 Parla scholarship recipients was chosen from a competitive pool of 791 applicants, an increase from last year's 674. A shortlist of 120 candidates underwent interviews before the final selection. As in the previous year, selection criteria were based on academic success and the socio-economic status of candidates. The beneficiaries will receive monthly financial assistance until their graduation and have access to a range of opportunities provided by NEQSOL Holding, including English language classes, IELTS preparation and exam, internships, mentorship, masterclasses, and access to online programs from top global universities and LinkedIn Learning tools through NEQSOL Academy. 'Education and human capital development are key priority areas of our corporate social responsibility strategy at NEQSOL Holding. Through the Parla program, we empower young talents with new knowledge, skills, and opportunities. Investing in education drives sustainable development, fosters innovation and builds a more inclusive society,' said Yusif Jabbarov, Chairman and CEO of NEQSOL Holding. 'The Parla program is a testament to what can be achieved through strong collaboration between the private and public sectors. It enhances the educational journey of female students by equipping them with new skills and the confidence to succeed in the professional world,' said Elnur Nasibov, Chairman of the Board of the Education Development Fund. 'We believe in the power of education to transform lives and create impact. The Parla program is about empowering female students to reach their full potential. Our goal is to see them shine, lead, and inspire others. We remain committed to investing in education and inclusion, contributing to a brighter future for society as a whole,' said Imran Ahmadzada, Head of NEQSOL Holding Azerbaijan. NEQSOL Holding reaffirms its commitment to continuing and expanding the Parla program, recognizing its importance in supporting talented female students. About NEQSOL HoldingNEQSOL Holding is an international group of companies operating across 11 countries in telecommunications, energy, construction, and hi-tech industries. The holding places significant emphasis on expanding its presence in Azerbaijan and, as it continues to grow, remains dedicated to contributing to the country's economic and social development. For more information please see: NEQSOL Holding and NEQSOL Academy. Media contact: Neqsol@ in to access your portfolio
Yahoo
11-03-2025
- Business
- Yahoo
NEQSOL Holding Recognized Among the Largest Taxpayers in Azerbaijan
AMSTERDAM, March 11, 2025 (GLOBE NEWSWIRE) -- Four portfolio companies within NEQSOL Holding, an international group with over 25 million customers operating across 11 countries with 12,000 employees, have been included in the list of Azerbaijan's top 100 taxpayers for 2024, as published by the State Tax Service of the Republic of Azerbaijan. In 2024, NEQSOL Holding companies contributed a total of AZN 171.1 million (USD ~ 60 million) in tax payments to the Azerbaijani state budget, solidifying the holding's position as one of the largest taxpayers in the country. 'Along with substantial tax contributions, NEQSOL Holding actively supports Azerbaijan's economic development through sustainable business strategies, long-term investments, job creation, and social initiatives aimed at community well-being. These achievements reaffirm the holding's commitment to transparency, economic growth, and corporate social responsibility,' said Yusif Jabbarov, CEO of NEQSOL Holding. Among the leading taxpayers within the Holding's portfolio are Norm, Bakcell, Azerconnect Group, Nobel Energy Group (including Global Energy Solutions) and other companies. About NEQSOL Holding NEQSOL Holding is an international group of companies operating across 11 countries in telecommunications, energy, construction, and hi-tech industries. The holding places significant emphasis on expanding its presence in Azerbaijan and, as it continues to grow, remains dedicated to contributing to the country's economic and social development. For more information please see: NEQSOL Holding Media contact: Neqsol@ in to access your portfolio
Associated Press
05-03-2025
- Business
- Associated Press
NEQSOL Holding Announces Trans-Caspian Fiber Optic Cable Line Connecting Europe and Asia in Next Phase of Digital Silk Way Project
NEQSOL Holding, a global group of companies with over 25 million customers operating across 11 countries, announced today that it has successfully finalized tender processes and commenced a first phase of construction for the Trans-Caspian Fiber Optic Cable Line, a key component of its Digital Silk Way project, in cooperation with Kazakhtelecom, Kazhakstan's national telecommunications operator. The project – the first of its kind in the world – will lay a backbone fiber-optic cable between Europe and Asia, through Azerbaijan and the Caspian Sea, creating a digital telecommunications mega corridor. AzerTelecom, a backbone internet provider in Azerbaijan and a portfolio company of NEQSOL Holding, will lead the implementation of this project. The Digital Silk Way, a world-first initiative worth over 250 million USD, will increase connectivity, build robust digital infrastructure and contribute economic growth for millions of people. The Trans-Caspian Cable Project, a strategically significant part of this initiative, involves the construction of a 380 km long fiber-optic cable line along the seabed of the Caspian Sea, connecting Sumgait (Azerbaijan) and Aktau (Kazakhstan). This will enable high-capacity data transmission, supporting speeds of up to 400 terabits per second. According to Yusif Jabbarov, CEO of NEQSOL Holding, owner of AzerTelecom and lead investor of the Digital Silk Way initiative, 'The Trans-Caspian Fiber Optic Cable Line is a crucial part of the Digital Silk Way project, which aims to create a digital telecommunications mega corridor spanning the territories of Azerbaijan, Georgia, Turkey, Kazakhstan, and Turkmenistan. This vital innovation will provide the most optimal and shortest route for data transmission, with high bandwidth and minimal latency, boosting regional connectivity and contributing to the economic growth of these countries. I am incredibly proud of the team that has led this implementation and thus created an historic milestone for the entire region.' The construction process will be carried out in multiple stages, including the assessment of coastal areas and the seabed, the design and production of high-quality, durable cables, as well as their transportation and installation. AzerTelecom and Kazakhtelecom plan to complete the construction by the end of 2026. About NEQSOL Holding NEQSOL Holding is an international group of companies employing over 12,000 people in 11 countries, including the U.S., U.K., Azerbaijan, Ukraine, the Netherlands, Georgia, and Turkey. The group operates through its three headquarters in Amsterdam, Baku, and Kyiv, managing businesses across telecommunications, energy, technology, and construction materials. NEQSOL Holding serves more than 25 million customers worldwide. For more information please see About AzerTelecom AzerTelecom is a leading telecommunications operator in Azerbaijan, providing wholesale carrier-grade communications, digital, and other services. The company operates within the Azerconnect Group, which is a part of NEQSOL Holding, an international group of companies operating in various countries across the energy, telecommunications, high-tech, and construction industries. Kazakhtelecom is Kazakhstan's largest telecommunications company and holds the status of a national telecom operator. The company offers fixed-line telephony, broadband internet access, digital television, mobile communications, and other telecommunication services. Tilton SOURCE: NEQSOL Holding Copyright Business Wire 2025. PUB: 03/05/2025 07:05 AM/DISC: 03/05/2025 07:05 AM
