The contract was concluded Tuesday and will run between 2014 and 2017, Transelectrica said in a statement.
Teletrans, which is controlled by Transelectrica, was set up in 2002 and provides communications and internet services.
Transelectrica is 58.69%-owned by the state, through the government’s General Secretariat, while investment fund Fondul Proprietatea holds a 13.5% stake. The remaining shares are traded on the Bucharest stock exchange. (EUR1=RON4.3867)