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TELECOMMUNICATIONS
- Business History of Companies
Interesting Dates
March 14, 1837 - Wheatstone & Cooke sent first British
telegraph message.
June 10, 1837 - Charles Wheatstone, of Hanover Square,
Middlesex, and William Fothergill Cooke, of Breeds Place, Hastings,
received an English patent for electric "Five Needle Telegraph";
required six wires between each of its stations; June 10, 1840
- received U. S. patent for an "Improvement in the Electro-Magnetic
Telegraph" ('new and useful improvements in giving signals and sounding
alarms in distant places by means of electric currents transmitted
through metallic circuits"); 10 days before Morse received patent, but
Morse given priority as first inventor; Morse patent described prototype
of famous dot-dash code; Wheatstone and Cooke had the priority in U.K.;
their telegraph had no means of recording messages (Morse regarded it as
great disadvantage).
January 6, 1838
- Samuel Morse and
partner, Alfred Vail, gave first public demonstration of electric
telegraphic system at Vail's Speedwell Iron Works in Morristown, NJ
(transmitted a sentence 2 miles); January 24 -
second demonstration at New York University; February 21, 1838
- Morse demonstrated telegraph to President Van Buren, Cabinet in
Washington;
June 20, 1840 -
Samuel F. B. Morse received a patent for "Telegraph Signs" ("improvement
in the mode of communicating information by signals by the application
of electro-magnetism");
March 3, 1843 - Congress passed bill to spend $30,000 for
telegraph line between Washington, DC and Baltimore; May 24, 1844
- America's first telephone line finished, Morse sent to Baltimore code
for "What hath God wrought!";
June 13, 1848
- patent for "Improvement in Electro-Magnetic Telegraphs" reissued;
Morse code.
January 21, 1840 - Charles Wheatstone and W.F. Cooke
received earliest English alphabetic telegraph patent; ABC telegraph was
popular in England and Europe, did not require trained
telegraphist to read, send the messages; earliest practical application
of serial binary coded digital communication.
June 20, 1840 - Samuel F. B. Morse, of New York, NY,
received a patent for "Telegraph Signs" ("Improvement in the Mode of
Communicating Information by Signals by the Application of
Electro-Magnetism"); "American Electro-Magnetic Telegraph".
1843 - First public telegraph line, from Paddington to
Slough.
May 24, 1844 - American inventor Samuel F.B. Morse
inaugurated world's first commercial telegraph line in
demonstration witnessed by members of Congress; dispatched telegraph
message ("What Hath God Wrought?" from the Bible, Numbers 23:23 -suggested
to Morse by Annie Ellworth, daughter of the commissioner of patents)
from U.S. Capitol to Alfred Vail at railroad station in Baltimore, MD;
message telegraphed back to Capitol a moment later by Vail.
April 18, 1846 - Royal E. House, of New
York City, received a patent for a "Printing Telegraph"; telegraph
ticker that would print letters of alphabet; able to print at rate of 50
words a minute in Roman letters.
June 5, 1846 - Telegraph line opened between Philadelphia
and Baltimore.
June 27, 1847 - New York and Boston linked by telegraph
wires.
June 10, 1848 - First telegraph link established
between New York City and Chicago.
May 1, 1849 - Samuel F.
B. Morse received a patent for a "Telegraph" ("improvement in electric
telegraphs");
telegraph register; incorporated basic features of 1844 receiver and
method for marking dots and dashes on paper.
1851 - Group of businessmen in Rochester, NY formed The
New York and Mississippi Valley Printing Telegraph Company, Western
Union's predecessor company; 1856 - changed name to The
Western Union Telegraph Company, signified union of "western" telegraph
lines with eastern lines into one system, following acquisition of a
series of competing telegraph systems; 1861 - Western
Union completed first transcontinental telegraph line, provided fast,
coast-to-coast communications during U.S. Civil War; 1866
- introduced first stock ticker, provided brokerage firms with New York
Stock Exchange quotations; 1870 - launched time service, helped
to standardize time nationally (held distinction as "The Nation's
Timekeeper" for nearly a century); 1871 - Western Union
Money Transfer® service introduced; became company's primary business;
1995 - First Financial Management Corporation completed $7
billion merger with First Data Corporation; Western Union Financial
Services, Inc. became First Data Corporation subsidiary; 2005
- world's largest money transfer business with $4 billion in revenue -
wired more than 275 million transactions per year to 271,000 agencies in
Europe, Asia and Latin America.
November 13, 1851 - Telegraph service between London and
Paris began.
May 20, 1856 - David Edward Hughes. of Louisville, KY,
received patent for a "Telegraph"; first telegraph ticker that
successfully printed type; 1857 - sold rights for $100,000
to the Commercial Co.
May 19, 1857
- William F. Channing, of Boston, MA, Moses G. Farmer, of Salem, MA,
received a patent for an "Electromagnetic Fire Alarm Telegraph
for Cities" ("to give an instantaneous and definite alarm, either
general or local, in a city or town, in case of fire"); first municipal electric fire alarm system;
used call boxes, circuit between signal station,
central station, alarm station
with automatic signaling to indicate fire's location.
August 4, 1858 - Cyrus W. Field completed Atlantic cable,
established telegraphic communication between U.S. and England;
August 5, 1858 - ship Niagra anchored at Newfoundland coast,
laid 1016 miles of cable; days later other end of cable was successfully
landed in Ireland; new cable worked fine for about four weeks, then line
went dead; 1866 - improved cable was laid successfully.
1854 - Cyrus West Field conceived idea of the telegraph
cable, secured charter to lay a well-insulated line across the floor of
Atlantic Ocean; obtained aid of British and American naval ships;
1857 - made four unsuccessful attempts; July 1858
- four British and American vessels (Agamemnon, Valorous, Niagara,
Gorgon) met in mid-ocean for fifth attempt; July 29 -
Niagara and Gorgon, with their load of cable, departed for Trinity Bay,
Newfoundland; Agamemnon and Valorous embarked for Valentia, Ireland;
August 5 - cable successfully laid, stretched nearly 2,000
miles across Atlantic at depth often of more than two miles;
August 16 - President James Buchanan and Queen Victoria
exchanged formal introductory and complimentary messages;
September - cable proved weak, current insufficient, ceased
functioning.
August 16, 1858 - Telegraphed message from Britain's Queen
Victoria to President James Buchanan was transmitted over the recently
laid trans-Atlantic cable; began transmission at 10:50am, completed at
4:30am next day, took nearly 18-hrs to reach Newfoundland - 99 words,
consisting of 509 letters, averaged about 2-min per letter; message
forwarded across Newfoundland by overhead wire supported on poles;
across Cabot Strait by submarine cable to Aspy Bay (Dingwall), Cape
Breton; by overhead wire across eastern Canada and Maine, via Boston to
New York; earliest Transatlantic cable went dead within a month.
October 8, 1860 - Telegraph line between Los Angeles and
San Francisco opened.
October 24, 1861 -
Western Union Telegraph Company linked eastern,
western telegraph networks of nation at Salt Lake City, UT; completed
transcontinental line, allowed instantaneous communication between
Washington, DC, and San Francisco (eight years before the
transcontinental railroad would be completed); Stephen J. Field, chief
justice of California, sent first transcontinental telegram to President
Abraham Lincoln, predicted that the new communication link would help
ensure the loyalty of the western states to the Union during the Civil
War.
May 24, 1862 - Field telegraph used for first time
in U.S. warfare; army general's headquarters near Williamsport, VA.
connected by wire to dvance guard several miles away at Mechanicsville,
VA.
May 12, 1865 - Finnish mining engineer Fredrik Idestam
granted operating permit by the Finnish Senate; 1866 -
wood-pulp mill began production beside lower falls of the Tammerkoski
Rapids in Tampere; 1871 - transformed firm into share
company, founded Nokia Ltd, with Leo Mechelin (statesman, Finland's most
prominent public figure in the late 19th century), transferred all
activities to Nokia (Idestam's mills, Nokia Manor, its interest in
Nokia Rapids); 1967 - Nokia Ltd. (original paper-making
business) merged with Finnish Rubber Works and Finnish Cable Works
(established 1912), formed Nokia Corporation.
July 27, 1866 - After two failures, Cyrus W. Field
succeeded in laying first underwater telegraph cable between North
America and Europe.
1869 - Elisha Gray, customer, bought interest of George
Shawk, part owner of Cleveland manufacturing shop associated with
Western Union telegraph companies; formed Gray and Barton, partnership
with Enos N. Barton, former chief telegraph operator for Western Union
at Rochester, NY; Anson Stager, Western Union general superintendent,
joined partnership; 1872 - reorganized as the Western
Electric Manufacturing Company after Stager convinced Western Union
president William Orton to invest in manufacturing enterprise; became
Western Union's principal supplier; 1875 - Gray sold his
interest, retired; 1878 - Western Union established
American Speaking Telephone Co., Western Electric agreed to manufacture
telephones for new company (already distributor of telephone equipment
for new Bell company); September 1878 - Bell Telephone Co.
sued to protect Alexander Graham Bell's patents from infringement by
Western Union; November 1879 - Western Union abandoned
field; surrendered all patents, claims,
network, inventory in return for 20% of phone rentals over next 17 years
(life of Bell patents); new company, American Bell Telephone Company,
chartered; 1880 - largest electrical manufacturing company in
United States; 1881 - Alexander Graham Bell acquired
controlling interest; 1882 - joined Bell System, became Bell's exclusive manufacturer of
telephones in United States, sold only to American Bell Telephone
Company (leased phones to regional "operating" companies, leased phones
to end users); long distance service (1881) handled by parent company,
local service by operating companies, manufacture by Western Electric;
1907 - Theodore N. Vail, President of AT&T, combined AT&T
(formerly American Bell), Western Electric engineering departments into
single organization, Western Electric Research Laboratories;
1925 - sold International Western Electric Company subsidiary
to ITT; Research Laboratories (engineering
department) became Bell Laboratories, greatest private research
organization in world; December 23, 1947 - transistor
invented (3 Bell
Labs scientists received 1956 Nobel Prize in Physics for invention); 1956 - Justice Department antitrust
consent decree ordered Bell System to divest all non-telephone
activities (except those involving national defense); sold Canadian
manufacturing holdings; January 1, 1984 - AT&T
agreed to divest local Bell telephone companies; established new unit,
AT&T Technologies; assumed Western Electric's charter;
February 1996 - AT&T Technologies systems and technology units,
combined with Bell Labs, renamed Lucent Technologies; April 1996
- Lucent went public; September 30, 1996 - AT&T spin off
of Lucent Technologies completed; December 1, 2006 -
completed merger with Alcatel (Société Alsacienne de Constructions
Atomiques, de Télécommunications et d' Électronique);
renamed Alcatel-Lucent.
June 7, 1870 - Frank L. Pope, of Elizabeth, NJ, and Thomas
A. Edison received a patent for an "Improvement in Printing-Telegraph
Instruments" ("communications may not only be recorded automatically in
printed characters, at one or more distant points, at the pleasure of
transmitting operator, but by which this result may be accomplished with
greater certainty and in a much more simple manner").
July 30, 1872 - Mahlon Loomis received a patent for an
"Improvement in Telegraphing" ("new and Improved Mode of Telegraphing
and of Generating Light, Heat and Motive-Power"); wireless radio.
October 22, 1872 - Thomas A. Edison received patents for
an improvement in "Paper for Chemical Telegraphs" ( using a very thin
paste of flour and water that with a solution of potassium iodide would
penetrate the paper fabric) and for an improved "Apparatus for
Perforating Paper for Telegraph Use" (a compact machine to punch
perforated tape used to transmit telegraphic messages - a single hole
for a dot or three holes for a dash).
February 4, 1873 - Thomas A. Edison was received a patent
for an "Improvement in Circuits for Chemical Telegraphs"; method to
sharpen the pulses, reduce problem of marks running together on chemical
paper from electric action of one pulsation from telegraph wire not
clearing before next followed.
July 1, 1873 - Thomas Edison received a patent
for an "Improvement to Circuits for
Chemical Telegraphs"; concerned a method to reduce problem of marks
running together on chemical paper from electric action of one pulsation
from telegraph wire not clearing before next followed;
May 3, 1892 - Thomas Edison received a patent for a
speaking telegraph.
May 26, 1874 - Thomas A. Edison received a patent for
"Automatic Telegraphy and in Perforators Therefor"; produced
message directly onto strip of paper such that it was ready to be
folded, sent to its destination immediately; letters formed by 5x5
square of 25 punch wires.
1875 - Gardiner G. Hubbard, of Cambridge, MA, and Thomas
Sanders, of Haverhill, MA, agreed to finance work of Alexander Graham
Bell who was trying to invent a talking telegraph -- a telephone;
April 6, 1875 - Alexander Graham Bell, of Salem, MA, received a
patent for an "Improvement in Transmitters and Receivers for Electric
Telegraphs"; assigned to Hubbard and Sanders; July 1877 - three
men formed Bell Telephone Company to exploit the invention; 1878
- Bell sold his interest to group of financiers; first telephone
exchange operated under license from Bell Telephone opened in New Haven,
CT;
mid-1878 - Hubbard named Theodore
Vail, Superintendent of Railway Mail Services as general manager
of Bell Company;
1882 - American Bell acquired controlling interest in
Western Electric Company (became its manufacturing unit); March 3,
1885 - American Telephone and Telegraph Company incorporated as
wholly owned subsidiary of American Bell, chartered to build, operate
original long distance telephone network; December 30, 1899
- AT&T acquired assets of American Bell, became parent company of Bell
System.
January 19, 1875 - Thomas A. Edison received a patent for
a "Improvement in Telegraph Apparatus".
June 3, 1875 - Alexander Bell used "harmonic telegraph" to
transmit a twanging sound from a reed vibrated by Bell’s voice along
wires to Watson; transmitted voice-like sounds, words were not
recognizable; June 3, 1880 - Alexander Graham Bell
transmitted first wireless telephone message on newly-invented
photophone; projected his voice through an instrument towards a mirror;
voice vibrations caused similar vibrations in mirror; Bell directed
sunlight into the mirror, which captured and projected the mirror's
vibrations which could be deconstructed back into sound at the receiving
end of the projection; photophone functioned similarly to the telephone
but photophone used light to project information, telephone used
electricity.
February 18, 1876 - Direct telegraph link established
between Britain and New Zealand.
March 7, 1876
-Alexander Graham Bell, of Salem, MA, received a patent for an
"Improvement in Telegraphy" (February 14, 1876 -
Bell and rival inventor Elisha Gray had applied for patents for telephone
within hours of one another;
U.S. Supreme Court eventually ruled Bell the rightful
inventor); granted ownership over both telephone
instruments and concept of a telephone system;
March 10, 1876 - made
first successful voice transmission, telephone call, in Boston as his
assistant heard Bell say, ''Mr. Watson, come here. I want you''; first
successful experiment with the telephone; later that year, Bell
succeeded in making a phone call over outdoor lines;
June 6, 1876 - received patent for an "Improvement in
Telephonic Telegraph-Receivers"; January 30, 1877 -
received a patent for an "Improvement in Electric Telegraphy".
April 1876
- Lars Magnus Ericsson opened electro-mechanical workshop in a
rented kitchen in Stockholm to repair telegraph instruments and other
electrical devices; working capital was 1,000 kronor, borrowed from a
Mrs. Maria Stromberg of Nygard; company named L.M. Ericsson & Co.;
November 1878 - delivery of the first telephones of
Ericsson's manufacture.
May 30, 1876
- Thomas a. Edison received three patents for a "Improvement in Duplex
Telegraphs"; enabled transmitted signal be sent on same wire as received
signal.
July 27, 1876 -
After two failures, Cyrus W. Field succeeded in laying the first
underwater telegraph cable between North America and Europe.
October 9, 1876
- First two-way telephone conversation occurred over outdoor wires
between Alexander Graham Bell and Watson over telegraph line linking
Boston and East Cambridge.
February 12, 1877
- News dispatch from Salem, MA to Boston Globe in Boston, MA (distance
of sixteen miles) sent using Alexander Graham Bell's new invention, the
telephone, for first time in U.S.
April 15, 1877
- First telephone installed: Boston-Somerville, Massachusetts.
August 15, 1877
- Thomas Edison coined telephone greeting "Hello"; suggested its use to
president of Telegraph Company to answer the phone instead of "Ahoy"
suggested by Alexander Bell.
December 1877 -
Western Union established
American
Speaking Telephone Company (Elisha
Gray's patents)
to compete with
Bell Company;
January 14, 1878
- First demonstration of Alexander Graham Bell's telephone to Queen Victoria at her Osborne House estate on the Isle of
Wight; she ordered a private line to be laid between Osborne House, on
the Isle of Wight, and Buckingham Palace.
January 15, 1878 -
George W. Coy (backed by Herrick P. Frost, Walter Lewis) incorporated
District Telephone Company of New Haven in New Haven, CT (awarded a Bell
telephone
franchise for New Haven and Middlesex counties on November 3, 1877);
January 28, 1878 - opened world's first telephone exchange (8
connecting lines strung together, crude switchboard used carriage bolts,
handles from teapot lids, bustle wire, served 21 subscribers who paid
$1.50/month);
February 21, 1878
- issued first U.S. telephone directory; listed about 50 names;
April 15, 1878 - set up world's first
telephone
booth; May 28, 1878 - reorganized The Connecticut District
Telephone Company; October 12, 1878 - name changed to The
District
Telephone and Automatic Signal Company;
1880 - reorganized as The Connecticut
Telephone
Company; October 2, 1882 - incorporated as Southern New
England Telephone (SNET).
September 1, 1878
- Emma Nutt of Boston became first female telephone operator.
October 22, 1878
- Thomas A. Edison received a patent for "Quadruplex-Telegraph
Repeaters"; electromagnets, local circuits, switches, connections of
quadruplex circuit; messages repeated automatically into one circuit by
receiving instrument of other circuit, instead of finger key operated by
hand.
September 6, 1879 - Telephone
Company Ltd. opened first public British telephone exchange in Lombard
Street, London (used Edison's system); members paid subscription (origin
of the term "subscriber"); served just eight subscribers with two-panel
Williams switchboard; end of the year - about 200 subscribers, two more
exchanges opened (Leadenhall Street in the City, and at Westminster).;
1880 - company opened telephone exchanges in Glasgow,
Manchester, Liverpool, Sheffield, Edinburgh, Birmingham and Bristol.
October 22, 1878
- Thomas A. Edison received patent for "Quadruplex-Telegraph Repeaters";
improved method for one quadruplex circuit to repeat into another
quadruplex circuit (instead of finger key being operated by hand).
December 9, 1879 - M. Daniel
Connolly of Philadelphia, Thomas A. Connolly of Washington, DC. and
Thomas J. McTighe of Pittsburgh received patent for an "Automatic
Telephone-Exchange"; automatic telephone switching system; single-line
wire, battery of cells located at each telephone, dial switching
mechanism for each line; not introduced commercially but introduced
general principle of later dial systems.
June 1, 1880
- Connecticut Telephone Co. installed first pay telephone service in the
United States, for public use, in its office in New Haven, CT; toll
given to an attendant; January 28, 1878 - New Haven
exchange founded; 1880 - company had right to build
exchanges in any part of Connecticut and western Massachusetts, had the
right to interconnect exchanges; early toll lines from Bridgeport to New
Haven to Hartford.
June 3, 1880 - Alexander Graham Bell transmitted first
wireless telephone message on his newly-invented "photophone."
August 31, 1880 - Thomas A. Edison received a patent for
an "Electro-Chemical Receiving-Telephone" ("to transmit and reproduce
over telegraoh-wires speech or other sounds telephonically").
January 19, 1881 - Western Union (William
Vanderbilt's telegraph company) acquired Atlantic and Pacific Company
(founded by Jay Gould) = ploy for Gould takeover of Western Union;
raised doubts about Western Union's leadership and dominance over the
industry - WU stock dropped, bought Gould's company; Gould instigated
post-acquisition bear raid on WU......bought stock while others sold;
gained majority control over WU.
November 29, 1881 - Francis Blake, of Weston, MA, received
a patent for a "Speaking-Telephone".
1882 - Mechanical department of Bell Canada established;
1895 - Northern Electric & Manufacturing Company Limited
incorporated (branch plant of Western Electric); 1914 -
merged with manufacturer of rubber-coated wire for electrical industry;
1930s - expanded beyond telephone equipment, sold radio
and broadcasting sound equipment, electric sound equipment, other lines
of electrical equipment; 1956 - Justice Department
antitrust consent decree created Northern Telecom; 1990 -
acquired STC PLC (onetime manufacturer for Western Electric); moved to
world's third largest supplier of telecommunications equipment (from
sixth).
January 17, 1882 - Thomas A. Edison received patent
for a "Telephone"; carbon microphone; finely divided conducting
material, such as carbon, between metal cups mounted on arms attached to
mouthpiece diaphragm; changes in current correspond to pitch and
amplitude of sound; one arm conducts electrical current to carbon
button, other from it.
January 17, 1882 - Leroy Firman of Chicago, IL, received a
patent for a "Multiple Switchboard for Telephone Exchanges"; telephone
switchboard; addressed problem of increasing numbers of subscribers;
handled exchange of thousand or more subscribers with line status
information exchanged between switchmen; assigned to Western Electric
Manufacturing Co.
March 24, 1883 -
Long-distance telephone service inaugurated between Chicago and New York
City.
March 27, 1884 -
Branch managers of American Bell Telephone Company in Boston called
their counterparts in New York City in first long-distance telephone
call; June 19, 1900 - Michael I. Pupin, of Yonkers, NY,
received a patent for the "Art of Reducing Attenuation of Electrical
Waves and Apparatus Therefor"; method to transmit telephone signals over
long distances to maintain clarity; 1901 - patent acquired
by Bell Telephone Company.
March 3, 1885 - American Telephone and Telegraph Company
incorporated as wholly owned subsidiary of American Bell.
April 7, 1885 - Granville T. Woods, of Cincinnati, OH,
received a patent for an "Apparatus for Transmission of Messages by
Electricity"; assigned to American Bell Telephone Company.
August 24, 1886 - Thomas A. Edison received a patent for
an "Electrode for Telephone-Transmitters" ("to increase the
effectiveness in use of such electrodes").
February 14, 1888 - Thomas A. Edison received a patent for
a "Telephone-Transmitter".
August 13, 1889
- William Gray, of Hartford, CT, received a
patent for a "Coin-Controlled Apparatus for Telephones" ("may be used in
connection with a telephone as a pay-station, the said apparatus being
provided with a coin-controlled lock that prevents the sending of
messages, while it will allow them to be received"); pay phone;
April 22, 1890 - received a second patent for a "Coin-Controlled
Apparatus for Telephones" "to control and compel the payment of the fee
or toll before the connections desired are made"); January 18,
1898 - received a third patent for a "Coin-Controlled Apparatus
for Telephones" ("for the purpose of automatically collecting toll for
the use of the instrument at a station and for apprising the central
office by distinctive signals that the requisite toll has been paid");
assigned to Gray Telephone Pay Station Company;
February 4, 1890 - Thomas A. Edison received a patent for
a "Quadruplex Telegraph"; designed to transmit and receive four
independent messages over a single wire, without interference with each
other, two in one direction and two in the opposite direction;
September 30, 1890 - Thomas A. Edison received a patent for
"Telegraphy".
March 10, 1891 -
Almon B. Strowger, an undertaker from
Kansas City, MO, received a patent for an "Automatic Telephone-Exchange"
("improvement in automatic, telephonic, telegraphic, and other
electrical exchanges");
October 1891 - Auto Electric Company formed;
November 3, 1892 -
first Strowger telephone exchange opened in LaPorte, IN,
with about seventy-five subscribers; used
three keys, one for each digit of a three-digit number; subscriber
pressed each key the appropriate number of times for each digit;
November 29, 1892 - received a second patent for an "Automatic
Telephone and Other Electrical Exchange".
March 18, 1891 - First telephone link between London &
Paris.
June 2, 1891 - Thomas A. Edison received a patent for a "Sextuplex
Telegraph".
October 18, 1892 - The first long distance telephone line
between Chicago and New York was opened; Chicago Mayor Hempstead
Washburn greeted his New York counterpart, Hugh J. Grant.
November 3, 1892 - First automatic telephone exchange,
using switching device invented by Almon B. Strowger, opened to public
in LaPorte, IN, with about seventy-five subscribers; did not use a dial
to enter desired number; used three keys, one for each digit of a
three-digit number (subscriber pressed each key appropriate number of
times for each digit).
1896 - First dial phones (with projecting vanes instead
of holes) used in Milwaukee's City Hall; 1912 - first
Strowger exchange opened in UK at Epsom in Surrey.
December 12, 1896 - Guglielmo Marconi gave first
public demonstration of radio at Toynbee Hall, London.
January 15, 1897 - Lee De Forest, of New York, NY,
received a patent for a "Device for Amplifying Feeble Electrical
Currents" ("...such as telephone-currents").
May 14, 1897 - Guglielmo Marconi, of
London, England, sent first communication by wireless telegraph;
July 2, 1897 -
received British patent for "Improvements
in Transmitting Electrical Impulses and Signals, and in Apparatus Therefor";
wireless telegraphy apparatus; formed
Wireless Telegraph and Signal Company
in England, first wireless electronic communications company;
July 13, 1897 - received a patent for a "Transmitting
Electrical Signals"; May 9, 1899 - received a patent for
an "Apparatus Employed in Wireless Telegraphy"; assigned to The Wireless
Telegraph and Signal Company, Limited; June 27, 1899 -
received a patent for "Apparatus Employed in Wireless Telegraphy";
assigned to The Wireless Telegraph and Signal Company, Limited;
November 22, 1899 - incorporated Marconi Wireless
Telegraph Company of America;
April 10, 1900 - received three patents for an "Apparatus
Employed in Wireless Telegraphy"; assigned to The Wireless Telegraph and
Signal Company, Limited; May 22, 1900 - received two
patents for an "Apparatus Employed in Wireless Telegraphy"; June
11, 1901 - received a patentfor an "Apparatus for Wireless
Telegraphy"; assigned to Marconi's Wireless telegraph Company.
May 31, 1898 - French engineer Pierre Azaria sets up the
Compagnie Générale d'Electricité (CGE); 1925 - acquired
Compagnie Générale des Câbles de Lyon; 1966 - acquired
Société Alsacienne de Constructions Atomiques, de Télécommunications et
d'Electronique (Alcatel); 1985 - Alsthom Atlantique
changed to Alsthom; CIT-Alcatel merged with Thomson Télécommunications,
renamed Alcatel; 1987 - went private; 1991 -
name changed to Alcatel Alsthom; 1998 - renamed Alcatel;
2005 - record year in terms of results, contracts, events,
agreements (network transformation solutions); December 1, 2006
- completed merger with Lucent Technologies; renamed Alcatel-Lucent.
1899 - Cleyson Leroy Brown, Jacob Brown started telephone
business in Abilene, KS with three people; competed with Bell System;
1900 - installed their first long-distance circuit;
October 1902 - formed Brown Telephone Company; March 1903
- joined with 14 Kansas independents, incorporated Union Telephone and
Telegraph Company to provide long-distance service to Kansas City;
September 1911 - Brown consolidated the Brown Telephone
Company with three independents, formed United Telephone Company, second
largest telephone company in Kansas; 1925 - formed United
Telephone and Electric (UT&E) to purchase stock in subsidiary companies
across widely scattered geographical areas; 1937 -
reorganization plan approved; 1939 - company dissolved,
assets absorbed by United Utilities, Incorporated; 1950s -
nation's third largest independent telephone company;
1972 - name changed to United Telecommunications;
1986 - launched long distance services under Sprint brand
name; 1992 - name changed to Sprint Corporation;
1995 - offered wireless service under Sprint PCS brand;
August 13, 2005 - merged with Nextel (founded as FleetCall in
1987) in $35 billion deal (#3 position among U.S. wireless carriers, 44
million subscribers, 80,000 employees nationwide).
January 11, 1898 - Alexander E. Keith, John Erickson and
Charles J. Erickson, of Chicago, received a patent for a "Calling Device
for Telephone-Exchanges"; dial telephone; assigned patent to the
Strowger Automatic Telephone Exchange of Illinois.
March 17, 1899 - The first-ever radio distress call was
sent, summoned assistance for a merchant ship off the coast of England.
March 27, 1899 - Marconi transmitted across the English
Channel from Boulogne, France, to Dover, England at the request of the
French Government, which was considering purchasing rights to the
invention in France; both transmitter and receiver used a well-insulated
copper wire, hung from a 150-ft high mast; messages were exchanged over
the 32 miles, trials continued for several days at a speed of up to
fifteen words a minute; success made possible communications without
expensive undersea cables.
June 19, 1900 - Michael I. Pupin, of Yonkers, NY,
professor of electromechanics at Columbia University, received patent
for the "Art of Reducing Attenuation of Electrical Waves and Apparatus";
long distance telephony; improved quality of long-distance telephone and
telegraph transmission by inserting coils in the long lines at
intervals.
December 12, 1901 - Italian physicist and radio pioneer
Guglielmo Marconi sent the first radio transmission across the Atlantic
Ocean, disproved detractors who told him that the curvature of the earth
would limit transmission to 200 miles or less; message--simply the
Morse-code signal for the letter "s"--traveled more than 2,000 miles
from Poldhu in Cornwall, England, to Newfoundland, Canada; transatlantic
radio signal had been headed into space when it was reflected off the
ionosphere and bounced back down toward Canada.
August 12, 1902 -
Reginald A. Fessenden, of Manteo, NC, received a patent for "Wireless
Signaling" ("selective signaling in systems where the signal is
transmitted by waves or impulses"); radiotelegraphy, wireless
transmission of electromagnetic waves, especially reproduction of words
or other audible signals.
December 14, 1902 - The laying of first cable across
the Pacific Ocean began as the British Cable Ship Silvertown left San
Francisco, CA for Hawaii; cable laid across 2,277 nautical miles in two
weeks; January 1, 1903 - first test message telegraphed to
President Theodore Roosevelt in Washington; cables laid from Honolulu to
Midway, Midway to Guam, Guam to Manila; January 5, 1903 -
public use began.
January 19, 1903 - King Edward VII and President Theodore
Roosevelt exchanged greetings in a coded radio exchange between Cape Cod
and Cornwall, England.
May 23, 1903 - Paris and Rome were linked by telephone for
first time.
July 3, 1903 - First cable across the Pacific Ocean
between Hawaii, Midway, Guam and Manila was completed and spliced at
Manila, Philippine Islands; July 4, 1903 -
President Theodore Roosevelt sent first official message over new cable;
ended Hawaii’s isolation by connecting it to the mainland U.S. and the
rest of the world. 1902 - all-British telegraph line from
Canada to Australia and New Zealand was first line to cross the Pacific
Ocean.
February 1, 1904 - CQD established as international
distress signal; sometimes thought to mean, "Come Quick Danger"; "CQ"
originated in England as a general call on a landline wire, preceded
time signals and special notices as a sign for "all stations"; Marconi
company suggested "CQD" for a distress signal.
April 26, 1904 - Bell Telephone Company of Antwerp Belgium
forms.
November 16, 1904 - John Ambrose Fleming invented
the first electron tube, a diode thermionic valve capable of actuating a
telephone receiver.
December 28, 1904 - The first weather reports relayed by
wireless telegraphy were published in London.
March 28, 1905 - Cornelius Ehret of Rosemont, Pennsylvania
patented the radio fax in the U.S.; called "a system for transmitting
intelligence"; faxing did not become a practical mode of communication
until the 1920s, high-speed faxes were not available until the 1940s.
June 26, 1906 - Lee De Forest, of New York, NY, received a
patent for an "Oscillation-Responsive Device", ("for detecting feeble
electrical currents or oscillations in general, and especially such
currents or oscillations which are developed in wireless-telegraph
receiving systems"); November 13, 1906 - received a second
patent for an "Oscillation-Responsive Device".
October 3, 1906 - The second international
conference on wireless telegraphy in Berlin adopts SOS as international
distress signal, replacing the call sign CQD.
November 22, 1906 -
International Radio Telegraphic
Convention adopts the SOS distress signal.
January 12, 1908 - A wireless message was sent
long-distance for the first time from the Eiffel Tower in Paris.
February 18, 1908 - Lee De Forest, of New York, NY,
received a patent for "Space Telegraphy"; grid electrode tube.
January 19, 1909 - Thomas A. Edison received a patent for
"Telegraphy" ("arrangement by which a neutral relay designed to be
operated by variations in current strength will be unaffected by
reversals in current in the circuit in which the relay is included").
August 11, 1909 - The liner S.S. Arapahoe was the first
ship to use the S.O.S. radio distress call after a propeller shaft
snapped off the coast at Cape Hatteras, NC. Previously, the distress
code CQD (standardized by the Marconi
Wireless Telegraph Co. in 1904)
had been used as a maritime distress call. The second International
Radio Telegraphic Convention (1906) proposed the alternative SOS for its
distinctive sound. It was ratified as an international standard in 1908.
August 20, 1911 - The first cable message sent around the
world from the U.S. by commercial telegraph was transmitted from New
York City (left the New York Times building at 7:00 pm, received at 7:16
pm after traveling nearly 29,000 miles through 16 relays via the Azores,
Gibraltar, India, Philippines, Midway, Guam, Hawaii and San Francisco).
May 17, 1912 - London newspaper, The Times, reported that
new automatic telephone equipment was in place at Epsom for testing;
provided 320 Epson telephone subscribers the ability to dial other
numbers in the town themselves instead of having to ask the operator to
get the number for them; marked the beginning of the telephone
automation in Britain, which had already arrived in America, Canada, and
other countries.
July 29, 1914
- Transcontinental
telephone service began with the first phone conversation between New
York and San Francisco; celebrated with telephone conversation between
Thomas A. Watson in San Francisco and Alexander Graham Bell in New York
City; 1914 - Wendover, Utah was site of completion of
first transcontinental telephone line; 1913 -Western
Electric's high-vacuum tube for amplifying sound in telephone cables
developed.
October 6, 1914 - Edwin H. Armstrong, of Yonkers, NY,
received a patent for a "Wireless receiving System" ("improvements in
the arrangement and connections of electrical apparatus at the receiving
station of a wireless system...to amplify the effect of the received
waves upon the current in the telephone or other receiving circuit".
1915 - First automatic telephone exchange in
Britain.
February 7, 1915 - The first wireless message sent
from a moving train to a station was received.
January 25, 1915 -
Alexander Graham Bell (68),
inventor of the telephone, inaugurated U.S. transcontinental telephone
service with a call made between New York City and San Francisco to Dr.
Watson, his longtime assistant (previous long distance limit was New
York to Denver, and only then with some shouting); line made up of two
metallic circuits, used 2,500 tons of hard-drawn copper wire, 130,000
poles and countless loading coils; signal boosted by three vacuum tube
repeaters; world's longest telephone line.
September 29, 1915 - In a transcontinental radio telephone
demonstration in New York City speech was transmitted from Arlington, VA
to San Francisco, CA (2,500 miles), then to Honolulu.
October 21, 1915 - AT&T made the first experimental
transatlantic radiotelephone speech communication, using recently
developed vacuum-tube transmitters and receivers (an advancement in
range over groundbreaking alternator-transmitter tests in 1906).
May 6, 1916 -
Navy Department made first
successful U.S. radio telephone ship-to-shore conversation via AT&T
telephone and telegraph circuits with all navy yards and radio stations
in the U.S.; Secretary of the Navy gave orders for the next day's
movement to the captain of the battleship New Hampshire, anchored off
Fortress Monroe; first time Navy operated ship direct from the
department by wireless telephone.
March 16, 1919 - Wireless telephone invented, enabled air
pilots to talk in flight.
June 11, 1922 - A photograph sent by
radio across the Atlantic from Rome to Bar Harbor, ME reproduced a 7 x
9.5 in. halftone picture, used light falling on selenium cell to form
dots.
August 4, 1922 - AT&T and Bell System shut down all its
switchboards and switching stations for one minute in memory of
Alexander Graham Bell (died two days earlier); none of the 13 million
telephones in operation could be used.
October 3, 1922 -
Charles F. Jenkins used city
telephone lines for first time in U.S. for transmission of
facsimile photo in Washington, DC from 1519 Connecticut Ave. to U.S.
Navy Radio Station NOF at Anacostia, DC.
October 14, 1922 -The first automated telephones,
Pennsylvania exchange in New York City, became operational.
March 3, 1923 - First radio facsimile transmission made in
U.S. to distant point sent photographic image from U.S. Navy Radio
Station NOF, at Anacostia, DC, to Evening Bulletin in Philadelphia, PA;
October 3, 1922 - photographs had been sent as facsimile
transmission over city telephone line within Washington DC using a
photographic plate to record the signal received at the radio station
NOF.
May 18, 1923 - Antoine Barnay submitted first patent
application on a rotary-dial telephone, in France.
April 16, 1924 - First radio-transmission of wireless:
Matthaus Passion.
November 30, 1924 - First photograph fax sent by radio
across Atlantic was received in New York.
April 18, 1925 - First U.S. commercial transcontinental
radio transmission of radio facsimile sent from San Francisco, CA to New
York City; nine photographs transmitted, each took seven minutes.
March 7, 1926 -
First successful transatlantic radio-telephone conversation took place,
between New York and London.
June 20, 1926 - Herr Schaetzle demonstrated wireless phone
for autos in Berlin, Germany.
January 7, 1927 -
Commercial transatlantic telephone service (using radio) inaugurated
between New York and London.
February 25, 1927 - Conversation between parties in San
Francisco, CA and London established new telephone long distance record
of 7,287 miles.
April 5, 1927 - Antoine Barnay, of Paris, FR, received a
patent for a "System for Transmitting Electrical Impulses" ("suitable
more particularly in automatic telephone systems, and generally in all
'step-by-step switching systems...in which the connection is established
by means of electrical impulses sent over the two wires of the calling
line in series"); rotary-dial telephone.
June 27, 1929 - Scientists at Bell Laboratories revealed
system for transmitting television pictures.
March 27, 1930 - First U.S. radio broadcast from
ship at sea.
April 29, 1930 - Telephone connection England-Australia
went into service.
December 8, 1931 - Lloyd Espenschied,
of Kew Gardens, NY, and Herman A. Affel, of Ridgewood, NJ, received a
patent for "Concentric Conducting System";
coaxial cable; application was television, requires wide range of
transmission frequencies; assigned to AT & T.
February 10, 1933 - Postal Telegram Co. in New York
introduced first singing telegram.
May 8, 1933 - Radio Engineering Laboratories of Long
Island City, New York installed first police radio system in Eastchester
Township, New York; connected headquarters to patrol cars, patrol
cars to one another.
January 12, 1937 - Chester S. Lawton, of Ridgewood, NJ,
and Melville H. Bloomer, of Halifax, NS, received first patent for a
"Plough for Laying Submarine Cables"; designed to feed a cable at the
same time that it would dig a trench in the ocean bed; could be used at
depths up to a half mile; assigned to
Western Union telegraph Company;
June 14, 1938 - first transatlantic cable of high-speed
permalloy was buried.
June 5, 1938 - Homer Dudley with Richard Riesz and Stanley
Watkins, Bell Telephone scientists, exhibited first machine to produce
intelligible speech-like sounds to the public at the Franklin Institute,
Philadelphia, PA; called "Pedro, the Voder"; could also imitate the
sound of various farm animals; a spectrum-synthesis device operated from
a finger keyboard and foot pedal pitch control; duplicated an important
physiological characteristic of the vocal system, that the excitation
could be voiced or unvoiced.
September 11, 1946 - First mobile long-distance car-to-car
telephone conversation took place between Houston, TX and St. Louis, MO.
June 30, 1948 - Federal Communications Commission
authorized telephone recording devices for public use in U.S.; when
devices being used, periodic "beep" tone signal used to advise those on
the telephone line that their conversations were being recorded.
January 14, 1949 - Department of Justice filed anti-trust
suit against AT&T designed to break choke hold over industry by forcing
the company to relinquish ownership of Western Electric manufacturing
subsidiary; 1956 - suit settled, AT&T consented to limit
the scope of its business to national phone network, government
jobs.
September 29, 1950 -
Bell Telephone Company tested
first automatic telephone answering machine.
November 10, 1951 - Direct-dial, coast-to-coast telephone
service began as Mayor M. Leslie Denning of Englewood, NJ called his
counterpart in Alameda, CA; able to begin talking 18 sec. after
dialling;10-digit North American Numbering Plan for area codes
introduced.
April 25, 1954 - Bell labs announced first solar battery.
March 4, 1955 - First radio facsimile transmission
sent across continent.
October 4, 1955 - Bell Telephone made world's first
solar-powered telephone call.
September 25, 1956 - World's first transatlantic telephone
cable system began operating (Clarenville, Newfoundland to Oban,
Scotland); previous cables had been limited to telegraph transmissions.
March 2, 1959 - Southern New England Telephone Company
(New Haven, CT) tested an experimental push-button phone to see if
customers dial fewer wrong numbers using new design.
September 5, 1959 - First trunk dialing system from public
call-box inaugurated in Bristol, UK; countrywide service intended to
replace Button A and Button B pre-payment system.
September 22, 1959 - First telephone cable linking
Europe and United States opened.
March 22, 1960 - Arthur L. Schawlow, of Madison, NJ, and
Charles H. Townes, of New York, NY, received a patent for "Masers and
Maser Communications Systems";
first laser patent;
assigned to Bell Telephone Laboratories, Inc.
August 12, 1960 - First successful communications
satellite, Echo I, put into Earth's orbit to relay voice and TV signals;
August 13, 1960 - first two-way telephone conversation by
satellite took place with help of Echo 1, balloon satellite.
July 10, 1962 - Telstar communications satellite, first
geosynchronous communications satellite, launched from Cape Canaveral,
FL to relay TV and telephone signals between the United States and
Europe; set stage for far easier access to information, with much
greater speed; made possible first live television signals sent across
the Atlantic. Viewers in France and England saw President Kennedy
conduct a press conference, and audiences in the United States watched
French singer Yves Montand and the changing of the guard at England’s
Buckingham Palace.
December 13, 1962 - Relay I, first U.S. communications
earth satellite to transmit telephone, television, teleprinter and
facsimile signals launched; January 3, 1963 - first test
patterns transmitted when solar cells had built up sufficient battery
charge.
May 7, 1963 - United States launched AT&T's Telstar II
communications satellite; transmitted first transatlantic TV program
seen in color on tenth orbit;
built with shielding against
radiation (damaged
AT&T's original Telstar satellite).
October 21, 1963 - Michigan Bell Telephone Company placed
in service first trimline telephone in the U.S.; dial and hang-up button
were integrated into the handpiece midway between the microphone and
speaker, unnecessary to reach for a remote base in order to dial a call;
not commercially available throughout service area until August 2,1965,
for an optional additional monthly charge of $1.
November 18, 1963 - First telephone in U.S. with push
buttons instead of rotary dial was placed in commercial service in
Carnegie, Greensburg, PA; Touch-Tone telephone had 10 push buttons,
manufactured by the Western Electric Manufacturing.
April 6, 1965 - U. S. launched Intelsat 1 ("Early Bird"),
first commercial geosynchronous communications satellite;
satellite’s orbital speed matched movement of earth,
appeared stationary in sky, never dipped below horizon; could provide
simultaneous telephone links or one television link;
June 28, 1965 - began providing television, voice services
between America and Europe: capacity for 240 voice circuits or one black
and white TV channel.
October 8, 1965 - London's Post Office Tower operationally
opened as telecommunications tower for TV, radio broadcasting and to
carry all microwave traffic into, out of city (now operated by British
Telecom).
February 16, 1968 - Haleyville, AL inaugurated first
telephone system in U.S. to use 911 as universal emergency services
telephone number.
March 1, 1970 - Combined efforts of AT&T, British Post
Office (which also then handled the British telephone system) made
direct-dialed transatlantic phone calls possible between the US and
Britain.
April 3, 1973 - Inventor Martin Cooper placed first
portable phone call; ''shoebox'' phone replaced car phone that weighed
more than 30 pounds, cost thousands of dollars.
November 21, 1974 - United States filed antitrust suit
to break up AT&T.
October 1, 1981 - British government created British
Telecom as public corporation; followed study's recommendation to split
Post Office into separate postal, telecommunications units.
January 8, 1982 -
American Telephone & Telegraph settled Justice Department's
antitrust lawsuit; agreed to divest itself of 22 Bell System companies;
August 5, 1983 - U.S. District Court Judge Harold Greene
approved plan to split company into seven regional companies ("Baby
Bells"); development of new transmission technology, rapid advancement
of computer prompted major changes in government's trust-friendly
philosophy; 1974 - government filed anti-trust suit
against AT&T, ultimately forced company to divest itself of companies
that provided local service..
October 11, 1983 - Last hand-cranked (magneto) telephones
in United States went out of service as 440 telephone customers in
Bryant Pond, ME, switched to direct-dial service.
January 1, 1984 -
AT&T was divested of 22 Bell System companies under terms of an
antitrust agreement (per
U.S. District Court Judge Harold Greeneýs ruling on August 5, 1983);
AT&T's assets dropped from $149.5 billion to $34 billion, its workforce
shrank from 1.9 million to 373,000 employees.
December 3, 1984
- British Telecom privatized.
October 30 1986
- The first fibre-optic cable across the English Channel began service.
January 26, 1989
- AT&T reported first loss in 103 years; $1.67 billion in 1988.
January 24, 1994
- Nynex Corporation, one of New York's leading phone providers,
announced that it was laying off 16,800 workers (20% of its work force)
over next three years; reported it would take $1.6 billion charge for
year; reflected Nynex's drive to protect its stake in one of nation's
prime communication markets.
August 7, 1994
- First telephone link made between Israel and Jordan.
October 25, 1994
- Sprint Corp. announced it was joining forces with Comcast,
Tele-Communications, Cox Enterprises to offer full range of phone
services, information, multimedia delivery network.
September 20, 1995
- AT&T announced it would split into three smaller companies: 1) ailing
computer division, 2) more lucrative Network equipment arm, 3) core
communications services (telephones and related business amounted to 60
percent of AT&T's sales, bulk of its profits).
February 8, 1996
- President Clinton signed legislation revamping telecommunications
industry, said it would "bring the future to our doorstep"; knocked down
regulatory barriers, opened local telephone, long-distance service
and cable television to new competition.
September 25, 1996
- Loral Space Communications announced it had acquired Skynet, AT&T's
broadcast satellite division for $712.5 million in cash; AT&T would use
that cash to try to compete against "Baby Bells" in long-distance and
local markets.
November 10, 1997
- WorldCom Inc., MCI Communications Corp. agreed to a $37 billion merger
(largest merger in US history at the time).
February 16, 1998
- Tellabs Inc. acquired Coherent Communications Systems for $670
million.
June 24, 1998
- AT&T Corp. agreed to acquire cash-strapped cable television giant
Tele-Communications Inc. for $31.7 billion. gave AT&T cable connections
in roughly 33 million homes across United States; company reemerged as
local phone force, boosted AT&T's status in booming Internet industry;
primed to take leading role in convergence of various telecommunications
channels.
July 24, 1998
- Enron Corporation, electricity and gas company in Houston, TX, signed
lavish deal to acquire British-based Wessex Water, PLC for $2.2 billion;
signaled Enron's first move towards creating a global water subsidiary.
July 28, 1998
- Bell Atlantic, GTE announced a $52 billion merger; created Verizon.
October 5, 1999
- MCI WorldCom Inc. announced $115 billion deal to take over Sprint
Corp.
November 14, 1999
- Vodafone AirTouch acquired Mannesmann AG in a $183billion all-share
deal, largest corporate merger in history; created 4th largest company
in world ($365 billion in sales) behind Microsoft, GE, Cisco Systems.
June 16, 2000
- Federal regulators approved merger of Bell Atlantic and GTE Corp.;
created nation's largest local phone company, Verizon.
July 21, 2002
- WorldCom Inc. filed for bankruptcy
protection, about a month after disclosing it had inflated profits by
nearly $4 billion through deceptive accounting.
November 26, 2002 - WorldCom,
government settled civil lawsuit over company's $9 billion accounting
scandal.
October 31, 2003
- Bankruptcy court approved MCI's reorganization plans; essentially
cleared telecommunications company to exit bankruptcy.
February 17, 2004
- Cingular Wireless agreed to pay nearly $41 billion in cash to buy AT&T
Wireless Services.
December 15, 2004
- American telecommunications giants Sprint Corp. and Nextel
Communications Inc. announced they would merge in $35 billion deal.
January 31, 2005
- SBC Communications Inc. announced it was acquiring AT&T Corp. for $16
billion.
October 31, 2005
- The Spanish telco Telefónica announced £18 billion deal to buy
the British mobile network operator O2 plc.
January 27, 2006
- Western Union sent last telegram; 1929 - sent more than
200 million telegrams (height of business); 2005 - under
21,000 telegrams sent.
March 6, 2006
- AT & T announced plans to acquire regional-phone company BellSouth
Corp. for $67 billion in stock, take full control of Cingular venture
(nation's biggest wireless operator with more than 54 million
customers); subject to regulatory approval, combined company would serve
70 million local-phone customers, 10 million high-speed DSL Internet
users, would have about 315,000 employees, combined revenue of $121
billion (Wall Street's estimate of annual 2006 sales);
November 2005 - AT&T Inc. formed after SBC Communications Inc.
acquired the old AT&T, adopted the name.
November 17, 2006
- President George W. Bush approved deal in which French
telecommunications equipment maker Alcatel SA would acquire Lucent
Technologies Inc. in a $11.8 billion deal; Committee on Foreign
Investment in the United States (CFIUS) spent 75 days investigating
national security implications of transaction; recommended Bush approve
it (November 21 statutory deadline to render a decision).
June 29, 2007
- Bell Canada (BCE) agreed to be acquired for $32.6 billion (6x BCE's
cash flow) by investment arm of Ontario Teachers' Pension Plan (BCE's
largest shareholder), Providence Equity Partners Inc., Madison Dearborn
Partners; largest private-equity buyout in history.
August 29, 2007
- Alltel shareholders approved $24.7 billion private equity buyout
of country’s fifth-largest wireless operator by GS Capital Partners,
private equity arm of Goldman Sachs, and TGP Capital; 12 million
customers in 35 states (largest Tier 2 carrier).
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