STET – Società Finanziaria Telefonica (''STET - Telephonic Financial Company'' in English) was an Italian company that operated in the telecommunications sector. It was

IRI IRI or I.R.I. refers to: Businesses and organizations * Iringa Airport, an airport in Tanzania serving Iringa and the surrounding Iringa Region by IATA airport code * India Rejuvenation Initiative, an Indian anti-corruption organization forme ...

's holding company for this sector.

History

STET was founded by

on October 21 of 1933 as the "''STET - Società Torinese per l'Esercizio Telefonico''" and was based in

Turin Turin ( , Piedmontese language, Piedmontese: ; it, Torino ) is a city and an important business and cultural centre in Northern Italy. It is the capital city of Piedmont and of the Metropolitan City of Turin, and was the first Italian capital ...

with headquarters in

Rome , established_title = Founded , established_date = 753 BC , founder = King Romulus (legendary) , image_map = Map of comune of Rome (metropolitan city of Capital Rome, region Lazio, Italy).svg , map_caption ...

. The aim of the company was to address technical, administrative and accounting of all state's company for telephone services and for public telecommunications services in

Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical re ...

. In 1964 fostered the born of the research center

CSELT Centro Studi e Laboratori Telecomunicazioni (CSELT) was an Italian research center for telecommunication based in Torino, the biggest in Italy and one of the most important in Europe. It played a major role internationally especially in the stand ...

to modernize the Italian phone service, and in 1976 the campus of Scuola Superiore Guglielmo Reiss Romoli was built in

L'Aquila L'Aquila ( , ) is a city and ''comune'' in central Italy. It is the capital city of both the Abruzzo region and of the Province of L'Aquila. , it has a population of 70,967 inhabitants. Laid out within medieval walls on a hill in the wide valle ...

to support training activities for managers and executives of the group. In the late 60s the group company Selenia produced the first European

minicomputer A minicomputer, or colloquially mini, is a class of smaller general purpose computers that developed in the mid-1960s and sold at a much lower price than mainframe and mid-size computers from IBM and its direct competitors. In a 1970 survey, ...

: the Selenia Gp-16. In 1992, with the privatization carried out by first Amato government is changed to be "STET - Società Finanziaria Telefonica S.p.A". In 1993, STET's managing director Miro Allione left the company to create

Stream A stream is a continuous body of water, body of surface water Current (stream), flowing within the stream bed, bed and bank (geography), banks of a channel (geography), channel. Depending on its location or certain characteristics, a stream ...

, which became one of the largest

pay TV Pay television, also known as subscription television, premium television or, when referring to an individual service, a premium channel, refers to subscription-based television services, usually provided by multichannel television providers, b ...

and digital satellite television networks in

. In 1997 STET is merged with

Telecom Italia Gruppo TIM, legally TIM S.p.A. (formerly Telecom Italia S.p.A.), also known as the TIM Group in English, is an Italian telecommunications company with headquarters in Rome, Milan, and Naples, (with the Telecom Italia Tower) which provides fixe ...

, together with

Telespazio Telespazio Spa is a European spaceflight services company founded in 1961. It is a joint venture owned by Leonardo (67%) and Thales Group (33%) headquartered in Rome. Telespazio provides services that include the design and development of space s ...

and Italcable: the new company will be named Telecom Italia S.p.A., at the same time of the resignment of Ernesto Pascale, a STET's managing director and key person for the company.

References

Telecommunications companies of Italy Mass media companies of Italy Telecommunications companies established in 1933 Italian brands Italian companies established in 1933 Privatized companies of Italy Holding companies established in 1933 Italian companies disestablished in 1997 Holding companies disestablished in 1997 Telecommunications companies disestablished in 1997 {{Italy-company-stub

History

See also

References