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Southern New England Telephone Co. - Stock Certificate

Inv# SE2269A   Stock
Southern New England Telephone Co. - Stock Certificate
State(s): Connecticut

Specimen Stock printed by American Bank Note Company.

The Southern New England Telephone Company (commonly referred to as SNETCo by its customers), doing business as Frontier Communications of Connecticut, is a local exchange carrier owned by Frontier Communications.

It started operations on January 28, 1878 as the District Telephone Company of New Haven. It was the founder of the first telephone exchange, as well as the world's first telephone book. Since its inception, SNET has held a monopoly on most of the telephone services in the state of Connecticut; the only remaining exceptions are the Greenwich and Byram exchanges where Verizon New York provides telephone service.

SNET and Cincinnati Bell were the only two companies in the old Bell System that the old AT&T only had a minority stake in; by 1983, AT&T's stake was only 19.6 percent. Therefore, neither was considered a Bell Operating Company; rather, they were considered independents.

SNET was purchased for $4.4 billion in 1998 by SBC Communications, which subsequently purchased the old AT&T, taking its name as the "new" AT&T. Under AT&T, SNET was known as AT&T Connecticut.

In 2006, AT&T merged the operations of SNET into AT&T Teleholdings, formerly Ameritech, making it a subsidiary of the latter.

On June 1, 2007, the operations of Woodbury Telephone were merged into SNET.

On October 24, 2014, Frontier Communications completed its purchase of AT&T's Connecticut operations, including Southern New England Telephone and SNET America, for $2 billion. The company began doing business as Frontier Communications of Connecticut. It is the second former unit of the Bell System to be acquired by Frontier, the first being Frontier West Virginia (originally C&P Telephone of West Virginia) which was purchased from Verizon in 2010.

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Condition: Excellent

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.
Price: $44.00