A conference call  service is a telephone call in which the calling party wishes to have more than one called party listen in to the audio portion of the call. The conference calls may be designed to allow the called party to participate during the call, or the call may be set up so that the called party merely listens into the call and cannot speak. It is often referred to as an ATC (Audio Tele-Conference).
Conference calls can be designed so that the calling party calls the  other participants and adds them to the call  however, participants are  usually able to call into the conference call themselves, by dialing  into a special telephone number that connects to a "conference bridge"  (a specialized type of equipment that links telephone lines).
Companies commonly use a specialized service provider who maintains  the conference bridge, or who provides the phone numbers and PIN codes  that participants dial to access the meeting or conference call.
Three-way calling is available (usually at an extra charge)  for many customers on their home or office phone line. To three-way  call, the first person, who is the one who someone wishes to talk to is  dialed. Then the Hook flash  button (known as the recall button in the UK and elsewhere) is pressed  and the other person's phone number is dialed. While it is ringing,  flash / recall is pressed again to connect the three people together.  This option allows callers to add a second outgoing call to an already  connected call.