IDT Corporation (NYSE:IDT), a leading provider of international
telephony and payment services and the largest U.S. based carrier of
international long distance calls, said today that it has reached an
agreement with Empresa de Telecomunicaciones de Cuba S.A. (ETECSA),
Cuba’s national telecom provider, to exchange international long
distance voice traffic between the United States and Cuba directly.
The agreement was filed today with the Federal Communications Commission
(FCC) and is subject to FCC review for a period of ten days.
If the FCC allows the agreement to take effect as expected, IDT will be
the only U.S. carrier to have a direct interconnection into Cuba.
“We are very pleased to have reached this groundbreaking agreement with
ETECSA. This is an important first step in the liberalization of
telecommunications between the U.S. and Cuba,” said Bill Pereira, Chief
Executive Officer of IDT Telecom. “Ultimately, the agreement will help
make it easier and more affordable for our customers to call friends and
family in Cuba.”
The announcement follows on the heels of revisions to the Cuban Assets
Control Regulations announced by the U.S. government earlier this month.
About IDT Corporation:
Corporation (NYSE: IDT), through its IDT Telecom division, provides
retail telecommunications and payment services to help immigrants and
the under-banked conveniently and inexpensively communicate and share
resources around the world. IDT’s wholesale business is a leading global
carrier of international long distance calls. IDT also holds a majority
interest in Zedge (www.zedge.net),
developer of the popular, eponymous app for a mobile content discovery
and acquisition. For more information on IDT, visit www.idt.net.
Caution Concerning Forward Looking Statements:
All statements above that are not purely about historical facts,
including, but not limited to, those in which we use the words
“believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate, “target”
and similar expressions, are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. While
these forward-looking statements represent our current judgment of what
may happen in the future, actual results may differ materially from the
results expressed or implied by these statements due to numerous
important factors.Our filings with the SEC provide detailed
information on such statements and risks, and should be consulted along
with this release. To the extent permitted under applicable law, IDT
assumes no obligation to update any forward-looking statements.
Bill Ulrey, 973-438-3838