Powertel (U.S. Cellular Carrier 1998–2001)
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Powertel (U.S. Cellular Carrier 1998–2001)
Powertel Inc. was a mobile network operator headquartered in West Point, Georgia, United States that provided analog cellular and digital PCS mobile communications services in the Southeastern United States. Powertel traces its roots to the May 1989 incorporation in Georgia of Interstate Cellular, Inc., a wholly owned subsidiary of ITC Holding Company, Inc. Interstate Cellular was formed to acquire cellular telephone licenses and construct and operate cellular telephone systems. History InterCel, Inc. was incorporated in Delaware in April 1991 and became the owner of the assets of both Interstate Cellular, Inc. and WHI Partnership. In October 1991, InterCel, Inc. became a publicly traded company, offering stock on the NASDAQ under the ticker symbol ICEL. InterCel acquired Unicell, a provider of cellular communications service in Maine, in January 1993. The combined company had 20,000 subscribers in a market area that covers a population of 780,000 people. In February 1994, Inter ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Deutsche Telekom AG
Deutsche Telekom AG (, ; often just Telekom, DTAG or DT; stylised as ·T·) is a partially state-owned German telecommunications company headquartered in Bonn and the largest telecommunications provider in Europe by revenue. It was formed in 1995 when , a state monopoly at the time, was privatized and broken up. Since then, Deutsche Telekom has consistently featured among ''Fortune'' ''Magazine'''s top Global 500 companies by revenue, with its ranking at number 79. In 2023, the company was ranked 41st in the Forbes Global 2000. The company operates several subsidiaries worldwide, including the mobile communications brand T-Mobile. It is the world's fifth-largest telecommunications company and biggest in Europe by revenue. , the German government held a direct 14.5% stake in company stock and another 17.4% through the government bank KfW. On 4th June 2024, the German government reduced its total shareholding to 27.8%. The company is a component of the EURO STOXX 50 stock mar ...
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1991 Initial Public Offerings
It was the final year of the Cold War, which had begun in 1947. During the year, the Soviet Union collapsed, leaving fifteen sovereign republics and the CIS in its place. In July 1991, India abandoned its policies of dirigism, license raj and autarky and began extensive liberalisation to its economy. This increased GDP but also increased income inequality over the next two decades. A UN-authorized coalition force from 34 nations fought against Iraq, which had invaded and annexed Kuwait in the previous year, 1990. The conflict would be called the Gulf War and would mark the beginning of a since-constant American military presence in the Middle East. The clash between Serbia and the other Yugoslav republics would lead into the beginning of the Yugoslav Wars, which ran through the rest of the decade. In the context of the apartheid, the year after the liberation of political prisoner Nelson Mandela, the Parliament of South Africa repeals the Population Registration Act, ...
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