Definition: In this task, you are given a passage and a question regarding that passage. You must determine whether or not the question is answerable from the given passage. If a question is answerable, output should be 'True', otherwise 'False'. You must not consider any other information that is not provided in the passage while labelling True or False.
Input: Passage: Telenet was the first FCC-licensed public data network in the United States. It was founded by former ARPA IPTO director Larry Roberts as a means of making ARPANET technology public. He had tried to interest AT&T in buying the technology, but the monopoly's reaction was that this was incompatible with their future. Bolt, Beranack and Newman (BBN) provided the financing. It initially used ARPANET technology but changed the host interface to X.25 and the terminal interface to X.29. Telenet designed these protocols and helped standardize them in the CCITT. Telenet was incorporated in 1973 and started operations in 1975. It went public in 1979 and was then sold to GTE. Question: What was telenet 

True