Bell Telephone Company companies and to provide further funds for expansion of its overall telephone infrastructure. On April 17, 1880, National Bell was split into the American Bell Telephone Company, led by Theodore Vail as general manager, and with the International Bell Telephone Company (IBTC) as a holding company for its international subsidiaries. IBTC's first non-North American subsidiary was the Bell Telephone Manufacturing Company (BTM), established by Hubbard at Antwerp, Belgium, in 1882. The Bell System's Bell Telephone Company of Canada subsidiary, wholly owned by the National Bell, had been established two years earlier. Alexander Graham Bell's ten shares of Bell Telephone Company
International Bell Telephone Company first president of the Bell Telephone Company, founded the International Bell Telephone Company in order to promote sales of its telephone equipment throughout Europe. During his tour of the continent the Belgian government offered him the greatest financial incentives to establish his European subsidiary's headquarters in their country. The International Bell Telephone Company (IBTC) shortly evolved into a holding company for its various telephone service and production divisions, with its major manufacturing arm being the Bell Telephone Manufacturing Company (BTMC), which was founded in Antwerp, Belgium, on 26 April 1882. BTMC was created as a joint venture by the International