In 1968, shortly after completing his military service, he joined his father-in-law's small business of installing intercoms and television antennas and importing telephones.
Eurocom was established in 1979 to take the place of a telephone plant that had operated with Israeli partnership in Iran until Ayatolla Khomeini's rise to power.
[12] In December 2020, Elovitch, his son and former Bezeq director Or Elovitch; former secretary Linor Yochelman, the former CEO of Yes, Bezeq’s satellite TV subsidiary, Ron Eilon and former Yes CFO Mickey Naiman were indicted on charges of fraud, breach of trust, receiving illicit gifts and violations of the Securities Law.
[13] A substantial portion of the charges also concerned Bezeq subsidy Walla's favoritism towards Israeli Prime Minister Benjamin Netanyahu.
CEO Ilan Yeshua in February 2015 was revealed where Shaul stated that he was having problems all day with Netanyahu, who he identified as “the big one.”[14] Elovitch's wife Iris has also been charged with bribery.