Mr. Elovitch, who had long shared ownership of the Yes satellite network with Bezeq, Israel's biggest telecommunications company, bought a controlling stake in Bezeq in 2010.
The network equipment maker Juniper Networks posted a quarterly profit yesterday, compared with a loss a year earlier, as telecommunications companies bought more equipment to handle growing Internet traffic.
Billions of dollars worth of global telecommunications networks bought or built by United States investors now belong to Chinese, Indian and other non-American companies that have snapped them up for a fraction of their cost.
Vincent A. Galluccio, a former telecommunications executive, bought the 17-year-old 87-acre property for $5.2 million in August and later spent $1.5 million for both a 17.5-acre vineyard in Jamesport and about 80 acres in Riverhead.
Vincent A. Galluccio, a former telecommunications executive, bought the 87-acre property for $5.2 million in August and later spent $1.5 million for a 17.5-acre vineyard in Jamesport and about 80 acres in Riverhead.
DOMINION RESOURCES INC., Richmond, Va., said its telecommunications unit bought 2,760 miles of fiber optic cable from the closely held Telergy Inc., East Syracuse, N.Y., to expand its network in upstate New York.
The name was changed to Qwest Field in June 2004 after the telecommunications carrier bought the naming rights for $75 million for a period of fifteen years.
Sprint and SoftBank announced on Monday a deal that involves the Japanese telecommunications giant buying a 70 percent stake for $20.1 billion as well as providing an immediate cash infusion into Sprint.
Point Blank: America should never let a company that controls critical telecommunications infrastructure buy other businesses, especially entertainment companies--when it failed to properly upgrade and maintain their wired networks.
A case in point: Sprint's inability to successfully integrate Nextel, a competing telecommunications company it bought in 2005.
It has bought telecommunications operations in at least six African countries including in Uganda, Rwanda and Niger, according to its Web site.
