The document summarizes the history and evolution of the telephone over the 20th century. It discusses how Heinrich Hertz pioneered wireless transmission in 1888, leading to the first transcontinental telephone call between continents in 1914. It describes the telephone as one of the most important inventions after Alexander Graham Bell's first call in 1876. The document also outlines some key evolutions like mobile phones and applications, and lists some of the world's most expensive phones.