Invention of the telephone hardly a commercially practical telephone in the modern sense. Thomas Edison tested the Reis equipment and found that "single words, uttered as in reading, speaking and the like, were perceptible indistinctly, notwithstanding here also the inflections of the voice, the modulations of interrogation, wonder, command, etc., attained distinct expression." In 1947, the Reis device was tested by the British company Standard Telephones and Cables (STC). The results also confirmed it could transmit and receive speech with good quality (fidelity), but relatively low intensity. At the time STC was bidding for a contract with Alexander Graham Bell's American Telephone and Telegraph
Invention of the telephone simple receiver that could turn electricity into sound. Others were working along the same lines, including an Italian-American Antonio Meucci, and debate continues as to who should be credited with inventing the telephone. However, Bell was granted a patent for the telephone on 7 March 1876 and it developed quickly. Within a year the first telephone exchange was built in Connecticut and the Bell Telephone Company was created in 1877, with Bell the owner of a third of the shares, quickly making him a wealthy man. In 1880, Bell was awarded the French Volta Prize for his invention and with