Abstract: An electronic telephone set which includes first and second connection points for a telephone line and a transmission circuit having a send output stage including a first transistor whose first main electrode is coupled to the first connection point by means of a first resistor. The telephone set includes a supply circuit for peripheral circuits. The supply circuit has a first output terminal coupled to the first main electrode of the first transistor and has a second transistor whose first main electrode is coupled to the second connection point and whose second main electrode is coupled to the second output terminal of the supply circuit. This circuit includes an operational amplifier whose output is coupled to the gate electrode of the second transistor. the set also includes a first voltage source connected between the first main electrode of the second transistor and a first input of the operational amplifier.