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ITT Corporation
ITT Inc., formerly ITT Corporation, is an American worldwide manufacturing company based in Stamford, Connecticut. The company produces specialty components for the aerospace, transportation, energy and industrial markets. ITT's three businesses include Industrial Process, Motion Technologies, and Connect and Control Technologies. ITT has approximately 10,000 employees in more than 35 countries and serves customers in well over 100 countries. The company's long-standing brands include Goulds Pumps, Cannon connectors, KONI shock absorbers and Enidine energy absorption components. The company was founded in 1920 as International Telephone & Telegraph. During the 1960s and 1970s, under the leadership of CEO Harold Geneen, the company rose to prominence as the archetypal conglomerate, deriving its growth from hundreds of acquisitions in diversified industries. ITT divested its telecommunications assets in 1986. In 1995, the company sold off its hospitality portfolio, including ...
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ITT Corporation
ITT Inc., formerly ITT Corporation, is an American worldwide manufacturing company based in Stamford, Connecticut. The company produces specialty components for the aerospace, transportation, energy and industrial markets. ITT's three businesses include Industrial Process, Motion Technologies, and Connect and Control Technologies. ITT has approximately 10,000 employees in more than 35 countries and serves customers in well over 100 countries. The company's long-standing brands include Goulds Pumps, Cannon connectors, KONI shock absorbers and Enidine energy absorption components. The company was founded in 1920 as International Telephone & Telegraph. During the 1960s and 1970s, under the leadership of CEO Harold Geneen, the company rose to prominence as the archetypal conglomerate, deriving its growth from hundreds of acquisitions in diversified industries. ITT divested its telecommunications assets in 1986. In 1995, the company sold off its hospitality portfolio, including ...
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Puerto Rico Telephone Company
Claro Puerto Rico is one of the largest telecommunications services company in Puerto Rico. It is headquartered in Guaynabo, Puerto Rico, Guaynabo, Puerto Rico, and has operated for almost a century offering voice, data, long distance, broadband, directory publishing and wireless services for the island residents and businesses. It was founded by the Behn brothers, Sosthenes Behn, Sosthenes and Hernan Behn, Hernan. Originally, Puerto Rico Telephone Company eventually spawned ITT Corporation, which was founded by Sosthenes Behn. The company was a Public corporations of the Government of Puerto Rico, public corporation of the government of Puerto Rico for many years until the majority stakes were acquired by GTE in the mid-1990s. It was a subsidiary of Verizon Communications until it was fully acquired by América Móvil in 2007. Present Day On April 3, 2006, Verizon Communications announced it had agreed to sell its stakes in Telecomunicaciones de Puerto Rico, Inc. (TELPRI) and ...
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Commercial Cable Company
The Commercial Cable Company was founded in New York in 1884 by John William Mackay and James Gordon Bennett, Jr. Their motivation was to break the then virtual monopoly of Jay Gould on transatlantic telegraphy and bring down prices (particularly for Bennett's newspaper empire). Their most famous ship was the CS Mackay-Bennett, named after the founders. The technology was well established by this time, and they were able to lay cables from Waterville in Ireland to Canso, Nova Scotia, without the major technical problems of the first Transatlantic telegraph cable. Onward connections to New York City and beyond were initially overland and later submarine. Connections from Waterville to Weston-super-Mare in England and Le Havre in France were soon established by the submarine route after initial use of landlines from Waterville onward to mainland Britain. Commercial Cable also had a relationship with the German Atlantic submarine cable system. Domestically the cable distributed i ...
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Postal Telegraph Company
Postal Telegraph Company (Postal Telegraph & Cable Corporation) was a major operator of telegraph networks in the United States prior to its consolidation with Western Union in 1943.Nonnenmacher, TomasHistory of the U.S. Telegraph Industry/ref> Postal partnered with Commercial Cable Company for overseas cable messaging. Postal was founded in the 1880s by John William Mackay, an entrepreneur who had made a fortune in silver mining in the Comstock Lode. Mackay's original purpose was to provide a domestic wire network to directly link with the Atlantic Cable. Mackay built the Postal network by the purchase of existing insolvent firms. The company was initially called ''The Pacific Postal Telegraph Cable Co''. Under president Albert Brown Chandler, the Postal network was able to achieve sufficient economy of scale to compete with Western Union, occasionally controlling as much as 20% of the business. By 1893, the company's rate of growth had allowed it to become the only viable com ...
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John William Mackay
John William Mackay (November 28, 1831 – July 20, 1902) was an Irish-American industrialist. Mackay was one of the four Bonanza Kings, a partnership which capitalised on the wealth generated by the silver mines at the Comstock Lode. He also headed a telegraph business that laid transatlantic cables and he helped finance the New York, Texas and Mexican Railway Company. Life and career Early years John William Mackay was born in Dublin to a working-class family. They had a dirt floor hovel shared with a pig. In 1840, the family emigrated to the notorious Five Points slum in lower Manhattan; his father died soon after. As a boy Mackay hawked newspapers such as the ''New York Herald'', and later apprenticed at William H. Webb Shipyard to support his mother and sister. Gold and silver mining In 1851, he sailed by clipper around the Horn to California and worked eight years in placer gold fields in Sierra County without much success. In 1859, he went to Virginia City, Nevada ...
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Theodore Gary & Company
Theodore Gary & Company was a 20th-century independent telephone firm in the United States. Among its subsidiaries was the Associated Telephone and Telegraph Company, which controlled telephone companies in Latin America and telephone manufacturing interests in Europe in the 1920s and 1930s. In that capacity, Associated, formed in 1925, was the only other serious U.S. rival of International Telephone and Telegraph in Europe before World War II. Associated also exercised influence over the telephone networks in the Dominican Republic and Columbia. In 1930 it formed a new subsidiary, the General Telephone and Electric Corporation, with Transamerica Corporation and British investors, to strengthen overseas manufacturing and operations in competition with ITT. This was headed by Theodore Gary's son, Hunter Larrabee Gary."Transamerica into Telephones," Time Magazine, 20 October 1930. It would ultimately merge into the General Telephone Corp. (later known as GTE GTE Corporation ...
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Romtelecom
Telekom Romania Communications (formerly known as Romtelecom) is a Romanian telecommunications company, which provides fixed voice, television and data services, for residential and business customers in Romania. As of 2020, Telekom Romania Communications is the 2nd largest fixed services provider in the country. History Mobile communications The mobile communications company is now Telekom Romania Mobile Communications and is 100% owned by OTE Group. Telekom Romania is the former Cosmote, the operator which shook the Romanian telecom market in 2006 when it launched a prepaid product at an unprecedented price, gaining millions of customers in months, and reaching a peak of 6.92 million subscribers by 2009. Cosmote was relaunched by OTE Group in late 2005 after several years of indecision following the 1998 launching of Cosmorom by Romtelecom. In July 2005, OTE's mobile division Cosmote decided to buy 70% of shares in Cosmorom from Romtelecom, and on 6 December 2005, it was r ...
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Mix & Genest
Mix & Genest was founded on 1 October 1879 by the businessman Wilhelm Mix and the engineer Werner Genest in Berlin-Schöneberg. The company was initially an 1879 branch of the ITT Corporation. It was very successful and became one of the pioneers in low voltage devices. Among the products were devices for telephony and telegraphy. By 1904 the company had already 2300 employees and subsidiaries in London and Amsterdam. In 1920 AEG Allgemeine Elektricitäts-Gesellschaft AG (AEG; ) was a German producer of electrical equipment founded in Berlin as the ''Deutsche Edison-Gesellschaft für angewandte Elektricität'' in 1883 by Emil Rathenau. During the Second World War, AEG ... bought the majority of the stock shares. Mix & Genest was acquired by the ITT Corporation in 1930. The name Mix & Genest was dropped in 1958. References Bibliography * —Festschrift 75 Jahre Mix & Genest 1879–1954. Mix-und-Genest-Aktiengesellschaft Stuttgart, Stuttgart-Zuffenhausen 1954. External ...
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Nortel
Nortel Networks Corporation (Nortel), formerly Northern Telecom Limited, was a Canadian multinational telecommunications and data networking equipment manufacturer headquartered in Ottawa, Ontario, Canada. It was founded in Montreal, Quebec, in 1895 as the Northern Electric and Manufacturing Company. Until an antitrust settlement in 1949, Northern Electric was owned principally by Bell Canada and the Western Electric Company of the Bell System, producing large volumes of telecommunication equipment based on licensed Western Electric designs. At its height, Nortel accounted for more than a third of the total valuation of all companies listed on the Toronto Stock Exchange (TSX), employing 94,500 people worldwide. In 2009, Nortel filed for bankruptcy protection in Canada and the United States, triggering a 79% decline of its corporate stock price. The bankruptcy case was the largest in Canadian history and left pensioners, shareholders and former employees with enormous losses. ...
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Standard Telephones And Cables
Standard Telephones and Cables Ltd (later STC plc) was a British manufacturer of telephone, telegraph, radio, telecommunications, and related equipment. During its history, STC invented and developed several groundbreaking new technologies including pulse-code modulation (PCM) and optical fibres. The company was founded in 1883 in London as International Western Electric by the Western Electric Company, shortly after Western Electric became the telephone equipment supplier for the American Telephone and Telegraph Company (AT&T) in the United States. In 1925, Western Electric divested itself of all foreign operations and sold International Western Electric to International Telephone and Telegraph (ITT), in part to thwart antitrust actions by the American government. In mid-1982, STC became an independent company and was listed on the London Stock Exchange; for a time it was a constituent of the FTSE 100 Index. It was bought by Nortel in 1991. History Early days The company was ...
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Rotary System
The rotary machine switching system, or most commonly known as the rotary system, was a type of automatic telephone exchange manufactured and used primarily in Europe from the 1910s. The system was developed and tested by AT&T's American engineering division, Western Electric, in the United States, at the same time when Western Electric was also developing the Panel switch. When AT&T selected the Panel System for large American exchanges, development and sales of the ''No. 7-A Machine Switching System'', its formal commercial name, were transferred to Western Electric's international division in Belgium. In Europe and other continents the system was met with considerable commercial success. The Rotary and Panel systems were very different systems, but both used the same newly developed component technology, such as Western Electric's latest relays, and the principles of the Lorimer system of revertive pulsing and preselection. The Rotary switches were smaller than the Panel system ...
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