![]() ![]() In February 2015 the company announced it had reached an agreement with Empresa de Telecomunicaciones de Cuba S.A. In October 2014, IDT sold Fabrix Systems, an Israel-based software company that developed and licenses a proprietary cloud based storage and computing platform, to Ericsson. On July 31, 2013, IDT spun off Straight Path, a communications asset company holding 39 GHz (millimeter wave) nationwide spectrum and on average, 800 MHz of bandwidth in top 30 US markets. IDT operated a wireless MVNO, TúYo Mobile on the T-Mobile network. On September 14, 2009, IDT spun off CTM Media Holdings to its shareholders. Shortly afterwards, IDT created CTM Media Holdings, which consisted of the majority interest in IDW and CTM Media Group, a distributor of print and online media advertising focused on tourist destinations. In 2009, IDT increased its interest to 76%. 2007: IDT acquired a 53% interest in comic book, graphic novel, art book, and comic strip collection publisher Idea and Design Works (IDW).December 2006: IDT acquired a controlling interest in the parent company of 2003-founded, a social networking community for mobile users and platform for sharing free mobile content.August 2006: sale of all of IDT Entertainment's US operations and several international operations was completed.May 2006: IDT agreed to sell its IDT Entertainment division to Liberty Media.March 2006: IDT sold its Russian telecom business, Corbina Telecom, to a Moscow-based consortium of private equity investors.February 2006: IDT announced it would reacquire full ownership of Net2Phone, a company it had launched in the mid 1990s.sold to GVC Networks LLC all its IDT Winstar Solution subsidiaries: Winstar Communications, Winstar Government Solutions, LLC and Winstar Wireless, LLC. IDT Energy went to its shareholders as Genie Energy. It and other energy-related businesses were spun off October 2011. November 2004: launched IDT Energy, a retail energy business.In 1996, IDT founded Net2Phone, the world's fourth-largest VoIP provider (2017), and sold 32% of Net2Phone in August 2000 to AT&T for $1.1 billion in cash. He founded the company after opening a sales office in Israel, receiving large international phone bills and then discovering a way to lower them by re-originating calls in the United States. IDT was founded by entrepreneur Howard Jonas in August 1990. IDT's first service was callback, which was based on the idea that "it costs two and three times as much to call from overseas as it does the other way." History ![]() IDT Corporation (originally standing for International Discount Telecommunications) is a multinational provider of cloud communications, point of sale systems, unified communications, and financial services for businesses and consumers, headquartered in Newark, New Jersey. Headquarters at 520 Broad Street in Newark ![]()
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