Corning Inc. is buying the fiber-optics telecommunications division of Pirelli S.p.A. for about $3.6 billion.
Now comes China Railway Telecom, created by splitting the telecommunications division off of the railway ministry.
3com said it was forming a unit, the CommWorks Corporation, for the telecommunications division.
Her father retired as a senior account executive in the telecommunications division, in Morristown, N.J., of AT&T.
Even with the industry downturn, sales in Corning's telecommunications division rose 8percentto to $1.4 billion, in large part because of demand in Asia.
After announcing more than 10,000 job cuts this year, the German electronics company Siemens A.G. said it might cut another 3,000 positions to squeeze additional savings from its troubled telecommunications division.
After a brief vacation in Mexico, Mr. Lhota accepted a job as an executive vice president at Cablevision Systems Corporation, in charge of the company's fiber-optics and telecommunications division as well as other departments, including payroll, personnel and real estate.
Siemens, the big electronics maker, plans 3,500 more job cuts and has scrapped earlier forecasts for robust growth this year as its latest quarterly financial results fell short of expectations because of a significant decline in its telecommunications division.
During last year's earthquake in Honduras it deployed mobile base stations in a matter of days.James Bond, the head of the World Bank's telecommunications division, points out that wireless companies are better at tailoring their products to different income groups than their fixed-line competitors.
The company said its corporate telecommunications division, which is its biggest unit and provides Web-based services for major corporate clients in the United States, Europe and Japan, would probably post a first-half loss of £120 million ($185 million) before interest, tax, depreciation and amortization, with sales falling 6percentto to $2.5 billion.
