This chapter examines the coherence properties of two modes of entangled photons and its application quantum communication and holography. It is proposed novel two-photon entangled sources which take into account the coherence and collective phenomena between the photon belonging to two different modes obtained in two-photon cooperative emission or Raman or lasing. The generation of the correlated bimodal entangled field in two-photon emission or Raman Pump, Stokes and anti-Stokes modes is proposed in the free space and cavity-induced emission. The application two-photon and Raman bimodal coherent field in communication and holography are given in accordance with the definition of amplitude and phase of such entangled states of light. At first, this method does not appear to be essentially different in comparison with the classical coherent state of information processing, but if we send this information in dispersive media, which separates the anti-Stokes and Stokes photons from coherent entanglement fields, the information is drastically destroyed, due to the quantum distribution of photons in the big number modes may be realized in the situation in which the mean value of strength of bimodal field tends to zero. The possibility of restoration of the signal after the propagation of the bimodal field through different fibers, we may restore the common square amplitude and phase.