IDT Corporation Announces Strategic Reorganization
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IDT Corp. (IDT) Plans to Reorganize into Three Separate Companies
August 27, 2015 8:31 AM EDTIDT Corp. (NYSE: IDT) announced that its Board of Directors has approved a plan to reorganize the Company into three separate entities by spinning off two business units to its stockholders. The reorganization marks the next stage in IDTs tradition of incubating and spinning-off successful businesses.
The three separate companies will feature IDT Telecom, Zedge, and IDTs other holdings:
IDT Telecom is a global provider of retail and wholesale telecommunications and payment services. IDT Telecoms retail offerings include prepaid voice and payment services primarily to immigrant... More