STET – Società Finanziaria Telefonica

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STET - Società Finanziaria Telefonica S.p.A.
state-owned company
Industry Telecommunication
Successor Telecom Italia
Founded October 21, 1933 (1933-10-21)
Defunct 1997
Headquarters Turin and Rome, Italy
Area served
Nationwide
33 billion (lira) in 1994
Owner IRI
Number of employees
133,000 (in 1994)
Subsidiaries Stream

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

History[edit]

STET was founded by IRI on October 21 of 1933 as the "STET - Società Torinese per l'Esercizio Telefonico" and was based in Turin with headquarters in Rome. 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.

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, one of the largest pay TV and digital satellite television networks in Italy.[1]

References[edit]

  1. ^ "Rivoluzione alla Stet Allione va a Stream". La Repubblica (in Italian). 23 December 1993. Retrieved 4 March 2012.