One of the mysteries of the English language finally explained.
Chiefly British. A telecommunications system which allows specially designed cordless telephones to make outgoing calls from any location that is within range of a public network of base stations. [Telepoint systems have been largely superseded by mobile telephony in most parts of the world. Telepoint is a trademark in the United Kingdom for electrotechnical and electronic apparatus for telecommunications.]
1930s (in an earlier sense). From tele- + point.
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