In 1856, in 7 years after the foundation of New York State Printing Telegraph Company, the company changed its name to Western Union Telegraph Company. In the early 60s Western Union has put into operation transcontinental microwave system of data transmission via radio waves, completely replacing the web of telegraph poles and wires. In 1920, Western Union has implemented the world's first transmission of images over the ocean. Western Union for more than 130 years provides money transfer services to its customers. By 1861 Western Union telegraph lines entangled the whole America. It's time to explore Europe. Western Union incomes for 2007 have made $4,9 billion US dollars, and the quantity of transactions has made 572 million. On the market was placed about 765 million of ordinary shares of the company. On the first day trading on the exchange the company's shares rose by 3.3% and the cost was $ 19.96. In October 2006 the company made an initial public offering of shares on the New York Stock Exchange, becoming independent from First Data company. Founder of Western Union Hiram Sibley was born in 1807 in Massachusetts (USA). At age of 14 has mastered the profession of shoemaker, at age 16 he left his native cityand moved to New York, where he went into wool carder.
In 1920, Western Union has implemented the world's first transmission of images over the ocean. Western Union for more than 130 years provides money transfer services to its customers. In the early 60s Western Union has put into operation transcontinental microwave system of data transmission via radio waves, completely replacing the web of telegraph poles and wires.