Gibraltar Nynex Communications
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Gibraltar Nynex Communications
Gibtelecom is the largest telecommunications provider in the British overseas territory of Gibraltar. Its headquarters is located on John Mackintosh Square. History The first telephones were introduced to Gibraltar in 1886 by a private company which was later taken over by the colonial authorities. Since 1926, the telephone service was operated by the City Council. Upon the approval of the 1969 Constitution and the dissolution of the City Council, the telephone service was transferred to the newly formed Government of Gibraltar. Until 1990, all telephone services were operated by the Gibraltar Government Telephone Department. International circuits were provided by Cable & Wireless, which had been founded as the Falmouth, Malta, Gibraltar Telegraph Company in 1869. This later operated as the Eastern Telegraph Company from Mount Pleasant in Gibraltar. However, Cable & Wireless left Gibraltar in 1987. On 1 January 1988, British Telecom (BT) and the Government of Gibraltar fo ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and service ...
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