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What happened to Contel?
ConTel Corporation (Continental Telephone) was the third largest independent phone company in the United States prior to the 1996 telecom deregulation. It was acquired by GTE in 1991….Contel.
| Type | Public |
|---|---|
| Founded | 1960 |
| Defunct | 1991 |
| Fate | Acquired |
| Successor | GTE |
What does Contel mean?
CONTEL. International Conference on Telecommunications. CONTEL. Conselho Nacional de Telecomunicações (Portuguese: National Council of Telecommunications; Brazil)
Who owns Contel?
GTE Corp.
Contel Corp., the nation’s third-largest independent phone company, agreed Thursday to be taken over by GTE Corp., the largest independent phone operator, in a $6 billion stock swap.
When did GTE buy Contel?
In March 1990 the largest merger in the history of the telecommunications industry united two former U.S. competitors, GTE Corporation and Contel Corporation, under the GTE name. With a market value of $28 billion, the merged company became a telecommunications powerhouse.
Who founded GTE?
GTE’s heritage can be traced to 1918, when three Wisconsin public utility accountants pooled $33,500 to purchase the Richland Center Telephone Company, serving 1,466 telephones in the dairy belt of southern Wisconsin. From the outset, John F. O’Connell, Sigurd L. Odegard, and John A.
Who bought GTE Sylvania?
GTE Corp. said Thursday it will sell its Sylvania lighting businesses to a German company and an international consortium for $1.1 billion. Osram, a Siemens company based in Munich, will purchase GTE’s North American lighting business.
Who started GTE?
How old is Sylvania?
Judge William Wilson and General David White founded Sylvania in 1833, just 30 years after Ohio became a state.
Was Verizon a GTE?
Formerly the largest independent telephone company in the U.S., GTE merged with Bell Atlantic in 2000 and the two companies combined to form Verizon.
Who was the founder of the Contel Corporation?
ConTel Corporation’s earliest predecessor, Telephone Communications Corporation, was founded by Charles Wohlstetter. After working as a Wall Street runner in the 1920s and as a Hollywood screenwriter in the 1930s, Wohlstetter returned to Wall Street in the 1940s and became a financier.
When did Contel and GTE become one company?
In March 1990 the largest merger in the history of the telecommunications industry united two former U.S. competitors, GTE Corporation and Contel Corporation, under the GTE name. With a market value of $28 billion, the merged company became a telecommunications powerhouse.
What do you need to know about Contel?
Contel protect fleets with vehicle camera recording systems and other market leading safety and security products. Contel provide fleet safety and security products for some of the largest vehicle fleets, improving safety and achieving operational cost savings. Service & Support.
When did Contel acquire the Comsat satellite business?
Contel acquired Comsat’s international private-line business and its very-small-aperture terminal (VSAT) satellite business in 1987, as well as Equatorial Communications Company, a provider of private satellite data networks.