World Surveillance Group Inc (fka WSGI)

[eyeonthesky]

rdw, GTE is in the business of installing wireless networks. The $600M is revenue to GTE. It is a payment for installing the Russian network. I assume that Huff and co. would surely build some profit margin into the installation portion of the contract. I assume they at least factored in 10% profit, or $60M, since no future revenues and profits are certain.

The JV, Nutel, will operate and manage the network once installed. That's where GTE and Internafta will split any profits from wireless customers.