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Russian state set for 10-year contract worth $4.2 billion with Rostelecom

These investments should both provide for the new task, namely the construction of fiber-optic lines in localities, minister Nikolai Nikiforov said

© ITAR-TASS/Alexandra Krasnova

MOSCOW, February 20. /ITAR-TASS/. The Russian state will sign a 10-year state contract with Rostelecom provider worth 150 billion rubles ($4.2 billion) by April 1, Russia's Minister of Communications and Mass Media Nikolai Nikiforov told journalists on Thursday following a government meeting that adopted the state-controlled company’s investment program.

“This seems to be a large amount, but these investments should both provide for the new task, namely the construction of fiber-optic lines in localities, and maintain the work of payphones,” Nikiforov added.

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