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<p>applications, a private telephone exchange is termed a <a href="page.php?w=private_branch_exchange">private branch exchange</a> (PBX), which connects to the public switched telephone network. A PBX serves an organization's telephones and any private leased line circuits, typically situated in large office spaces or organizational campuses. Smaller setups might use a PBX or <a href="page.php?w=key_telephone_system">key telephone system</a> managed by a receptionist, catering to the telecommunication needs of the enterprise.</p>

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