GlobeTel Gets $600M Russia Job
GlobeTel Communications shares jumped nearly 70 percent on Friday after the company said it will install wireless networks across 30 Russian cities under a contract worth $600 million.
The contract reflects the growing number of citywide wireless networks being built by companies in both industrialized and developing countries.
The Pembroke Pines, Florida-based company said it reached a binding agreement with Internafta, a Moscow-based oil and natural gas trading company.
posted by Fergie @ 12/30/2005 02:15:00 PM
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