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
Invention of the telephone useful and widespread apparatus it is now. The telephone exchange was an idea of the Hungarian engineer Tivadar Puskás (1844–1893) in 1876, while he was working for Thomas Edison on a telegraph exchange. Puskás was working on his idea for an electrical telegraph exchange when Alexander Graham Bell received the first patent for the telephone. This caused Puskás to take a fresh look at his own work and he refocused on perfecting a design for a telephone exchange. He then got in touch with the U.S. inventor Thomas Edison who liked the design. According to Edison, "Tivadar Puskas was the