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Company Profile
- IDT Corporation
- Country : United States
- City: Newark
- State: New Jersey - NJ
- Address: 520 Broad St.
- Zipcode: 07102
- Category: Fortune 1000 Companies
- Description: IDT could stand for Invest in Distressed Telephone companies. It has been busy buying stakes in troubled telecom firms, including struggling competitive carrier Teligent, and some assets of bankrupt Winstar and STAR. It also has offered to buy parts of WorldCom. Its IDT Media unit controls investments in radio broadcasting and other media holdings. IDT also holds a stake in Internet-based phone service spin-off Net2Phone through a consortium that includes AT&T and Liberty Media. IDT operates its own carrier network in Europe and the US. It provides retail domestic and international long-distance access in the US as well as wholesale voice and data services. Founder and Chairman Howard Jonas owns 34% of IDT.
- Products: Telecommunications