StarTel Corp., an Irvine-based telecommunications company, said...

StarTel Corp., an Irvine-based telecommunications company, said it plans to buy up to 480,000 shares of its common stock, which represents about 10% of the shares outstanding. The company said its board authorized shares to be bought from time to time because they represent an attractive investment. The stock price has ranged from 25 cents to $1 in the last year and closed Friday at 50 cents in over-the-counter trading.