IDT Opens Door to Direct U.S.-Cuba Telephony
February 19 2015 - 6:47PM
Business Wire
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:
IDT 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.
Investor RelationsIDT CorporationBill Ulrey,
973-438-3838invest@idt.net
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