International Telephone and Telegraph Corp. (ITT)

International Telephone and Telegraph Corp. (ITT) extract from Britannica Online.

Former U.S. telecommunications company. It was founded in 1920 by Sosthenes and Hernand Behn as a holding company for their Caribbean-based telephone and telegraph companies. It expanded into the European market and became a major telecommunications manufacturer. In the 1960s and '70s ITT became a conglomerate, acquiring firms including the Sheraton Corp. and the Hartford Fire Insurance Co. It divested its telecommunications businesses in 1987, and in 1995 it split into three companies: ITT Hartford Group Inc. (insurance); ITT Industries Inc. (defense electronics and auto parts); and a “new” ITT Corp., which merged with Starwood Lodgings in 1997.

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