Ankara, Moscow, Baku and Tehran will establish a joint venture on information technologies, Transportation and Infrastructure Minister Cahit Turhan said yesterday.

"The four countries have decided to form a joint venture to facilitate closer working opportunities of the public and private sector institutions operating in the field of information technologies and to open up opportunities for them," Turhan said. His remarks came at the four-way ministerial meeting between Azerbaijan-Russia-Turkey-Iran in Azerbaijan's capital Baku.

During the meeting, the ministers discussed new companies, satellite services and fiber-optic networks. Turhan said the geographical location of the four countries is important for the communication space of Europe, Africa and Asia. The minister also attended 24th Azerbaijan International Telecommunications, Innovations and High Technologies Exhibition and Conference (BAKUTEL 2018).