SIP (company)
| Società Italiana per l'Esercizio Telefonico S.p.A. | |
|---|---|
 | |
 Former SIP's headquarters in Turin, Italy | |
| Type | State-owned |
| Industry | Telecommunications |
| Predecessor | SIP |
| Founded | 1964 |
| Founder | |
| Defunct | 1994 |
| Successor | Telecom Italia |
| Headquarters | , Italy |
Area served | Italy |
| Products | |
| Owner | IRI |
Società Italiana per l'Esercizio Telefonico S.p.A. (formerly Società Idroelettrica Piemontese S.p.A.), commonly known as SIP or SIPTEL, was the Italian state-owned telecommunications company, which dealt with public, fixed and mobile telephony.
In 1994 it became Telecom Italia S.p.A.
History
[edit]In 1964, the energy assets of Società Idroelettrica Piemontese (SIP), founded in 1918, was nationalized into Enel; it then acquired all of the Italian telephone companies, becoming Società Italiana per l'Esercizio Telefonico (SIP). It was run by the Italian Ministry of Finance.[citation needed]. SIP was a state monopoly from 1964 to 1996 and Italians were required to pay the "Canone Telecom," a line rental fee of approximately €120 per year., plus hardware rental and other minor costs) in order to have a phone at home.
On 27 July 1994, by the merger of several telecommunications companies among which SIP, IRITEL, Italcable, Telespazio and SIRM (companies owned by STET), Telecom Italia was born.[1][2] This was due to a reorganization plan for the telecommunications sector presented by IRI to the Minister of Finance.
See also
[edit]References
[edit]- ↑ "Telecom Italia history on official site". Archived from the original on 2018-01-25. Retrieved 2023-06-03.
- ↑ "nasce Telecom Italia". Corriere.it (in Italian). Archived from the original on 2012-08-03.
External links
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