STET – Società Finanziaria Telefonica


STET – Società Finanziaria Telefonica 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, and in 1976 the campus of Scuola Superiore Guglielmo Reiss Romoli was built in L'Aquila to support training activities for managers and executives of the group. In the late 60s the group company Selenia produced the first European minicomputer: the Selenia Gp-16.
In 1992, with the privatization carried out by first Amato government 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.