Moscow City Telephone Network
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Moscow City Telephone Network | |
---|---|
Type | Joint stock |
Founded | July 13, 1882 |
Headquarters | Moscow |
Key people | ~ |
Industry | Telecommunications |
Products | Telecommunications services |
Revenue | ~ |
Employees | ~ |
Website | http://www.mgts.ru/ |
The Moscow City Telephone Network (Russian: Московская Городская Телефонная Сеть) is a publicly held utility providing local telephone service to over 4,000,000 subscribers in the city of Moscow, Russia. Its roman alphabet acronym is MGTS.
[edit] History
Founded in 1882, the network has a long and glorious history. The Bell International Telephone Company built a manually operated exchange with a capacity of 800 numbers and 26 households signed up. In two years the roll had increased to 3,000.
In 1891, the Swedish-Danish-Russian Joint-Stock Company signed a contract to provide service to Moscow for 18 years. Progress continued apace. In 1987 the network was converted to electronic switching.
In 1994 the Moscow City Telephone Network was structured into a joint stock company. It is one of the 10 biggest telephone companies in the world[citation needed]. A minority stake is held by Svyazinvest, the holding company that owns majority stakes in Russia's big regional telecom operators (RTOs).