To provide an adequate dc supply to the electronics of a telephone, when on hook or off hook, there is a transistor (T2) with its emitter-collector path in one line wire, and a storage capacitor (Cpsu) across the input tot he telephone's circuits. This capacitor is charged up and maintains dc supply when the line voltage (at A) falls below a preset level. The base of this transistor is connected via another transistor (T1) to the other line wire. The speech output (V IN ) is connected via an operational amplifier (A) to the base of the second transistor (T2). Hence the dc supply and the speech output are in parallel.