News of the contract with Moscow-based LLC Internafta sent shares Friday of GlobeTel, a Pembroke Pines, Fla., company, up more than 73 percent.

Under terms of its deal with Russia, GlobeTel will supply 30 Russian cities with broadband, Voice over Internet Protocol plus residential- and business-based DECt technologies.

GlobeTel plans to roll out the network in 3 stages, comprising 10 cities each, over the next 27 months.