NEWARK, NJ – September 16, 2015: IDT® Corporation (NYSE: IDT),
a leading provider of international telephony and payment services through its flagship
Boss Revolution® brand, said today that it has reached an agreement
with Empresa de Telecomunicaciones de Cuba S.A. (ETECSA), Cuba’s national
telecommunications company, to provide international airtime top-up service. Under the agreement, Boss Revolution’s airtime
top-up to Cuba will be the first offered directly by a US-based
telecommunications company.
IDT’s Boss Revolution customers can purchase airtime credit with
US dollars for any Cubacel customer from any Boss Revolution retailer, online
at www.bossrevolution.com or
through the Boss Revolution app. Cubacel
customers can use airtime credit for both domestic and international calling. Previously, IDT and other US-based providers resold
international top-up services offered by providers based outside of the US.
“Boss Revolution customers can
now transfer value to friends and family in Cuba directly through Boss
Revolution, rather than relying on a third party to provide the underlying
service,” said Bill Pereira, CEO of IDT Telecom. “Looking ahead, we expect to partner with
ETECSA to develop additional, innovative offerings serving the Cuban-American
community.”
In March 2015, IDT became the first US based
telecommunications company to terminate international long distance voice calls
directly with ETECSA. Since then, IDT
has experienced a significant increase in call volume and improved call quality
on the US - Cuba route. # # #
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 Relations
IDT Corporation
Bill Ulrey
Phone: (973) 438-3838
E-mail: invest@idt.net
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