SOURCE: IDT Corporation

IDT Corporation

September 16, 2015 08:30 ET

IDT's Boss Revolution Is First US-Based Airtime Top-Up Service to Cuba

NEWARK, NJ--(Marketwired - 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.

Contact Information

  • Investor Relations
    IDT Corporation
    Bill Ulrey
    Phone: (973) 438-3838
    E-mail: invest@idt.net