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Southern New England Telephone Company company history timeline

1878

It started operations on January 28, 1878 as the District Telephone Company of New Haven.

Public Company Incorporated: 1878 as the New Haven District Telephone CompanyEmployees: 11,300Sales: 1.63 billionStock Exchange: New York

1879

Western Union conceded the telephone business to Bell in 1879, and Bell, in turn, promised to stay out of the telegraph market.

1880

By 1880, with the money provided by its investor, the New Haven telephone company had acquired the right to provide and interconnect telephone service in all of Connecticut and western Massachusetts.

1882

The company was reorganized yet again as the Southern New England Telephone Company in 1882.

1899

The company gained relief in 1899, when the Connecticut state legislature, recognizing the essentially monopolistic nature of the telephone business, passed a law erecting barriers to the entrance of new companies.

1911

In 1911 the Connecticut law discouraging the creation of new phone companies was replaced by a Public Utilities Commission, which had the power to regulate rates and services for SNET and other utilities companies.

1918

Even more limiting, telephone service was restricted as the federal government, in 1918, assumed control of all telephone and telegraph companies until a peace treaty was signed to bring the war to an end.

1938

In 1938 SNET suffered a major setback when Connecticut was struck by a hurricane which wiped out nearly one third of the region’s phones.

1945

By 1945 SNET had half a million phones in its network; 11 years later that number had doubled.

1953

By 1953 SNET had completed conversion to dial service; newly installed equipment in the small town of Cornwall, Connecticut, became the first large Bell system to make the switch completely.

1970

By 1970 SNET had put 2 million phones on line.

1982

In the agreement that AT&T reached with the government in January of 1982, the company was ordered to spin off its local phone companies to share-holders.

With 2.5 million phones in service, the company’s revenues reached $1.1 billion in 1982, but earnings declined by 14 percent to $92 million.

1983

The company announced a partnership with railroad holding company CSX in August of 1983, to build a network of fiber optic communications cables, called LightNet, in 20 eastern states.

1986

SNET rearranged its corporate structure in 1986, forming a holding company to manage the various divisions and changing its overall name to Southern New England Telecommunications, for the purpose of better reflecting the diversified nature of its activities.

1989

In 1989 the company withdrew from the fiber optic network, selling its share in LightNet to Williams Communications for $365 million.

1998

SNET was purchased for $4.4 billion in 1998 by SBC Communications, which subsequently purchased the old AT&T, taking its name as the "new" AT&T. Under AT&T, SNET was known as AT&T Connecticut.

2007

On June 1, 2007, the operations of Woodbury Telephone were merged into SNET.

2010

On October 24, 2014, Frontier Communications completed its purchase of AT&T's Connecticut operations, including Southern New England Telephone and SNET America, for $2 billion. It is the second former unit of the Bell System to be acquired by Frontier, the first being Frontier West Virginia (originally C&P Telephone of West Virginia) which was purchased from Verizon in 2010.

2022

"Southern New England Telecommunications Corporation ." International Directory of Company Histories. . Retrieved May 24, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/southern-new-england-telecommunications-corporation

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Founded
1878
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Headquarters
Norwalk, CT
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