SIP (company)

Società Italiana per l'Esercizio Telefonico p.A.
Company typeS.p.A.
IndustryTelecommunications
PredecessorSIP
Founded1964; 60 years ago (1964)
Founder
Defunct1994 (1994)
SuccessorTelecom Italia
Headquarters,
Italy
Area served
Italy
Products
OwnerIRI
Websitearchiviostorico.telecomitalia.it/guida-all-archivio-storico/gruppo-telefonico-stet-sip-1925-1997

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, fixed and mobile telephony.

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

History

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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

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References

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  1. ^ "Telecom Italia history on official site". Archived from the original on 2018-01-25. Retrieved 2023-06-03.
  2. ^ "nasce Telecom Italia". Corriere.it (in Italian). Archived from the original on 2012-08-03.
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