1980 - for the first time in the history of Western Union revenues from money transfers exceeded the income from the telegraph service. In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million. In 1866, Sibley ordered the engineers to develop a Western Union telegraph system of stock quotes in real time. In 1860 the U.S. Congress arranged among the telegraph companies a competition to create a national line. The winner was Western Union. In 1877, starting from September, New York City residents began to have the opportunity to check the time on clock with the "time ball", located on the roof of constructed in the same year a new corporate headquarters - Western Union Building. In 1933, by the Western Union Company were invented "singing telegrams". Before transition to remittances Western Union company rendered services on sphere of cable communication.
Western union sending money to Kyrgyzstan
In 1866, Sibley ordered the engineers to develop a Western Union telegraph system of stock quotes in real time. In 1860 the U.S. Congress arranged among the telegraph companies a competition to create a national line. The winner was Western Union. In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million.
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In 1935, Western Union has put into operation first intercity fax communication. In 1920, Western Union has implemented the world's first transmission of images over the ocean. Number of active holders of "Golden Card" of Western Union amounted to 9.5 million people worldwide. All you need for sending money via Western Union is to go to the nearest branch of Western Union, fill out the transfer printed form, show your passport and then send money. In 1933, by the Western Union Company were invented "singing telegrams". In 1991, Western Union has sold some low-profit division of the company AT & T, GM Hughes Electronics, and to some others. In the same year the company changed its name to New Valley Corp. As a result of 2011, net income of Western Union has increased by 28% to $ 1.165 billion, the company reported. Before transition to remittances Western Union company rendered services on sphere of cable communication.