SIP (company)
Società Italiana per l'Esercizio Telefonico S.p.A., commonly known as SIP or SIPTEL, was the Italian state-owned telecommunications company, which dealt with public, fixed and mobile telephony.
In 1994 it became Telecom Italia S.p.A.
History
In 1964, the energy assets of Società Idroelettrica Piemontese, founded in 1918, was nationalized into Enel; it then acquired all of the Italian telephone companies, becoming Società Italiana per l'Esercizio Telefonico in order to have a phone at home.On 27 July 1994, by the merger of several telecommunications companies among which SIP, IRITEL, Italcable, Telespazio and SIRM, Telecom Italia was born. This was due to a reorganization plan for the telecommunications sector presented by IRI to the Minister of Finance.