Società Italiana per l'Esercizio Telefonico p.A. (formerly Società Idroelettrica Piemontese p.A.), commonly known as SIP or SIPTEL, was the Italian state-owned telecommunications company, which dealt with

public In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociology, sociological concept of the ''Öf ...

, fixed and mobile

telephony Telephony ( ) is the field of technology involving the development, application, and deployment of telecommunications services for the purpose of electronic transmission of voice, fax, or data, between distant parties. The history of telephony is ...

. In 1994 it became Telecom Italia S.p.A.

History

In 1964, the energy assets of Società Idroelettrica Piemontese (SIP), founded in 1918, was nationalized into

Enel Enel S.p.A. is an Italian multinational manufacturer and distributor of electricity and gas. Enel was first established as a public body at the end of 1962, and then transformed into a limited company in 1992. In 1999, following the liberali ...

; 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.. SIP was a

state monopoly In economics, a government monopoly or public monopoly is a form of coercive monopoly in which a government agency or government corporation is the sole provider of a particular good or service and competition is prohibited by law. It is a 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 Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ...

of several telecommunications companies among which SIP, IRITEL, Italcable, Telespazio and SIRM (companies owned by STET), Telecom Italia was born. This was due to a reorganization plan for the telecommunications sector presented by IRI to the Minister of Finance.

References

External links

SIP on Telecom Italia Historical Archive
{{Authority control TIM Group Mobile phone companies of Italy Telecommunications companies of Italy Companies based in Rome Telecommunications companies established in 1964 Italian companies established in 1964 Privatized companies of Italy Italian brands

History

See also

References

External links