Worldwide Expansion
In 1879 Gardiner Hubbard 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 Bell Telephone Company of New York and the Western Electric Company of Chicago, Illinois. BTMC then established la Compagnie Belge du Téléphone Bell (Bell Telephone Company of Belgium) in the same year as its Belgian operating subsidiary for telephone service, one of several companies that provided such service in the country, the others having evolved principally from telegraph carriers.
BTMC eventually came under complete ownership by Western Electric, and also established multiple other divisions as national companies across Continental Europe and Russia. Western Electric was itself later majority owned by the American Bell Telephone Company, returning indirect control of BTMC back to the Bell organization.
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“Every expansion of government in business means that government in order to protect itself from the political consequences of its errors and wrongs is driven irresistibly without peace to greater and greater control of the nations press and platform. Free speech does not live many hours after free industry and free commerce die.”
—Herbert Hoover (18741964)