Società Finanziaria Telefonica

STET - Società Finanziaria Telefonica S.p.A.
Company type	state-owned company
Industry	Telecommunication
Founded	October 21, 1933
Defunct	1997
Successor	Telecom Italia
Headquarters	Turin and Rome, Italy
Area served	Nationwide
Net income	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

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 1964 fostered the born of the research center CSELT to modernize the italian phone service. In the late 60ies the group company Selenia produced the first european minicomputer: the Selenia Gp-16.

In 1992, with the privatization carried out by first Amato government^[1] 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.^[2]

References

^ europa.eu: press release
^ "Rivoluzione alla Stet Allione va a Stream". La Repubblica (in Italian). 23 December 1993. Retrieved 4 March 2012.

This article about a telecommunications company is a stub. You can help Wikipedia by expanding it.

This Italian corporation or company article is a stub. You can help Wikipedia by expanding it.

[1] uropa.eu: press release

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

[1]

[2]