V5 is a family of telephone network protocols defined by ETSI which allow communications between the telephone exchange, also known in the specifications as the local exchange (LE), and the local loop. With potentially thousands of subscribers connected to the LE there is the problem of physically managing thousands of wires out to the local subscribers (and the costs associated with that). Prior to the specification of V5 the manufacturers of exchange equipment had proprietary solutions to the problem. These solutions did not inter-operate and meant being tied into a single manufacturer's method at each exchange.