The story
Founded by John Pender in 1872.1
The company was founded in 1872 through an amalgamation of several smaller telegraph companies. Its founding chairman was by John Pender, with Sir James Anderson filling the role of Managing Director.
The company predecessors included; China Submarine Telegraph Company, British-Indian Submarine Telegraph Company, Falmouth, Gibraltar and Malta Telegraph Company, and the Anglo-Mediterranean Telegraph Company.
Pender created multiple cable companies due to high risk of cable laying, once successful he would merge these companies together to eventually create Cable & Wireless plc.
The company is now a dormant subsidiary of Cable & Wireless Communications, part of Liberty Latin America.
From Wikipedia’s article on Eastern Telegraph Company, shared under CC BY-SA 4.0.4