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The company was founded in 1920 as International Telephone & Telegraph. During the 1960s and 1970s, under the leadership of CEO Harold Geneen, the company rose to prominence as the archetypal conglomerate, deriving its growth from hundreds of acquisitions in diversified industries. ITT divested its telecommunications assets in 1986.
The story of ITT begins with a historic call — for its founders to develop phones. The original International Telephone & Telegraph was created in 1920 by two brothers named Sosthenes and Hernand Behn who set out to build the first worldwide system of interconnected telephone lines.
Behn founded the company in 1920 with the intention of creating an international telephone system modeled after American Telephone and Telegraph. Geneen later took over the corporation and, believing that diversity facilitated growth, molded ITT into one of the world's largest conglomerates.
The International Telephone and Telegraph. Company (ITT) began operations in 1920 as a. New York-based holding company. Its founder. was the Danish-Frenchman Sosthenes Behn, whose. first two acquisitions were indicative of ITT's. future expansionist policy: the Puerto Rican. Telephone Company and the Cuban Telephone. Company.
Behn founded the company in 1920 with the intention of creating an international telephone system modeled after American Telephone and Telegraph. Geneen later took over the corporation and, believing that diversity facilitated growth, molded ITT into one of the world ’ s largest conglomerates.
Jun 25, 2024 · ITT was founded in 1920 by Sosthenes Behn and his brother Hernand Behn as a holding company for their Caribbean-based telephone and telegraph companies; it received its name in imitation of the American Telephone and Telegraph Company (AT&T).
After the war, the Behn brothers decided to get serious about the phone business and in 1920 organized the International Telephone & Telegraph Corporation. They deliberately named their company IT&T to confuse investors (especially foreign) with AT&T.
