Israel is home to a burgeoning tech industry, but the country's broadband infrastructure hasn't really been able to keep pace. In terms of broadband penetration, in fact, Israel ranks just 21st out of 34 developed nations, according to statistics gathered by the OECD. All this may be changing, however, now that the country's state-run electric company has announced plans to create a new national broadband network. According to the AP, the forthcoming network will use so-called fiber to the home (FTTH) technology, which is capable of providing connections at speeds of between 100Mbps and 1Gbps. That would be about ten to 100 times faster than the connections most Israelis have today, and could offer obvious benefits to a wide array of businesses and industries. The electric company is aiming to have 10 percent of the country connected to its new network by next year, and to have two-thirds covered within the next seven years.