Siemens exits telecoms sector after 160 years


Posted on August 15, 2008  /  0 Comments

It’s been a long and glorious history. The German company Siemens was one of the very first companies ever to lay telephone cables and make telephony switches, but today it is exiting the industry after more than a century and a half. The company was founded by Werner von Siemens on October 1, 1847, (the year that Sam Colt sold an early version of his epoch-making revolver to the US government, Denmark began its first railway service and Alexander Graham Bell was born) and the infant company’s first product was a form of telegraph needle that, when activated, pointed out a sequence of letters transmitted from elsewhere. Martyn Warwick passionately writes.

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