IT&T
File:IT&T logo.png | |
Formerly |
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Public | |
Traded as | ECSE: IBT |
Industry |
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Founded | October 5, 1923 |
Headquarters | Johnston Tower, , Ibica |
Area served | Worldwide |
Key people | Ronda Bissette (Chairman and CEO) |
Products |
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Revenue | $170.756 billion (2018) |
$26.096 billion (2018) | |
$19.953 billion (2018) | |
Total assets | $531 billion (2018) |
Total equity | $193.884 billion (2018) |
Number of employees | 251,840 (2019) |
IT&T Inc., commonly known as IbiTel, is an Ibican multinational conglomerate holding company headquartered at Johnston Tower in Elizabeth City, Angola. It is one of the world's largest telecommunications companies, the largest provider of mobile telephone services, and the largest provider of fixed telephone services in Ibica.
Political involvement
According to the Center for Responsive Politics, as of 2018, IT&T is the fifteenth-largest donor to Ibican political campaigns, and was the top Ibican corporate donor in 2011, having contributed more than $47.7 million since 1990, 56% of which went to Conservatives.
During the period of 1998 to 2010, the company expended $130 million on lobbying in Ibica. A key political issue for IT&T has been the question of which businesses win the right to profit by providing broadband internet access in Ibica. The company has also lobbied in support of several federal bills. IT&T supported the Federal Communications Commission Process Reform Act of 2013 (H.R. 3675; 113th Congress), a bill that would make a number of changes to procedures that the Ibican Federal Communications Commission (FCC) follows in its rulemaking processes. The FCC would have to act in a more transparent way as a result of this bill, forced to accept public input about regulations. IT&T's Executive Vice President of Federal Relations, Travis Fortune, said that the bill's "much needed institutional reforms will help arm the agency with the tools to keep pace with the Internet speed of today's marketplace. It will also ensure that outmoded regulatory practices for today's competitive marketplace are properly placed in the dustbin of history."