Newark, NJ and London, UK. Nov. 5, 2021 — IDT Corporation (NYSE: IDT) a global provider of fintech, cloud communications and traditional communications services, today announced that it has rebranded its IDT Carrier Services business as IDT Global.  

The new brand reflects the expanding reach of its wholesale voice network, which now spans more than 325 direct carrier relationships and 1,900 customers around the world. IDT Global leveraged its network to carry 15.1 billion minutes of international long-distance traffic for its customers during its 2021 fiscal year.  Expanding beyond minutes, IDT Global recently entered, and has generated strong growth in, the wholesale short messaging service (SMS) space.

“We are excited about our new IDT Global rebrand. Our business continues to evolve as we leverage our strength in the international voice market to expand into adjacent markets including our platform to provision SMS.  Our new brand captures the expansive reach and increasing diversification of our markets and operations,” said Nick Ford, President of IDT Global.

The rebranding will include a new IDT Global logo, website (www.idtglobal.com), social media profiles and other promotional materials. The new branding was formally introduced at the recent capacity Europe show and is currently being updated across all platforms and touch points.

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:

Bill Ulrey

IDT Corporation Investor Relations

william.ulrey@idt.net

973-438-3838

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The ITW Global Leaders’ Forum (GLF), a leadership body of the international carrier industry, today published the names of the organizations that had been attested as being compliant with the GLF Code of Conduct to prevent fraud in international telecommunications. Details of the process and the results are included in GLF’s fourth annual report on the status of fraud in international telecoms industry available here: www.itwglf.com.

The purpose of the formal attestation process is to help the Code of Conduct signatories to assure they have the necessary capabilities and systems in place to comply with the principle of the Code of Conduct. Furthermore, it provides third parties an independent verification of the carrier’s capabilities to actively fight fraud, and their commitment to:

• Actively monitor and report on fraudulent activity
• Assist in the investigation of fraud
• Take the appropriate and swift steps to stop payments to those who commit fraud
• Implement standard contractual clauses to harmonise the treatment of fraud across the industry

The attestation was done independently by the GLF organization and supported by Delta Partners and it involved the assessment of the responding carrier’s current systems, processes and policies against agreed benchmarks set in accordance with each of the six principles of the Code of Conduct. Each response was further verified by evidence.

The carriers who have been confirmed as compliant with the GLF Code of Conduct are:

• A1 Telekom Austria
• Airtel
• BICS
• BT
• BTS
• Colt
• Deutsche Telekom
• Etisalat
• iBasis
• Identidad Technologies
• IDT
• Lanck Telecom
• Orange
• PCCW Global
• Sparkle
• Tata Communications
• Telefonica
• Telstra
• Vodafone

Franz Bader, Director Wholesale for A1 Telekom Austria and the lead of the GLF working group against fraud said: “This year’s GLF Fraud Report marks a significant milestone for the international carrier industry as we are publishing the names of carriers that are taking action to seek to minimise and eradicate fraud on their networks. I am proud that within this report we can name the first international carriers that have passed the GLF Anti-Fraud Code of Conduct Attestation process. It is important that, as an industry, we shine a light on the work that these carriers are doing to minimise the prevalence and impact of fraud as well as encourage more carriers to follow their lead.” 

Jussi Makela Director of the GLF, said: “The publication of the 2021 GLF Fraud Report, together with the outcome of the Code of Conduct attestation process is a major step for both the GLF and the international carrier industry. The whole process was launched following calls from the industry itself that we need to do more to show that we implement the principles of the Code of Conduct and not just talk about it. This report is a proof that the carrier community is taking real action and I hope more organisations will take part in attesting their commitment to fight fraud in the coming years.

About ITW Global Leader’s Forum 
The ITW Global Leaders’ Forum (GLF) is a network of leaders from the world’s largest international ICT service providers, who convene to discuss strategic issues and to agree on collaborative activities. Their aim is to uphold the principle of interoperability and ubiquitous international and technological coverage. The international wholesale industry is a critical part of the global ICT ecosystem, providing the backbone that enables digital services to be distributed around the world. The GLF’s primary objective is to provide leadership and direction for the industry by advocating common priorities that improve interconnectivity so that new digital services can be delivered at scale anywhere in the world. Please visit www.itwglf.com for more information.

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Under the terms of the agreement, IDT global will send both  its own retail traffic and wholesale A2P SMS traffic to the Claro network, giving customers the quality and reliability that only a direct, zero-hop connection can deliver.

“This connection with Claro Uruguay is another step forward for our SMS business and reinforces our commitment to expand our direct interconnects with mobile network operators around the world.” said Nick Ford, President of IDT global. “We have long been a leader in delivering voice traffic to the region and with this deal, this moves us closer to our goal of delivering quality omni-channel termination globally.” 

The new agreement is the latest expansion in IDT global’s SMS business. IDT global now has nearly 100 direct SMS interconnections with mobile network operators across the globe, enabling the company to deliver the quality and reliability that its customers demand.

About IDT Corporation:

IDT Corporation (NYSE: IDT) is a global provider of fintech, cloud communications and traditional communications services. We make it easier for families to connect, support and share across borders. We also enable businesses to transact and communicate with their customers with enhanced intelligence and insight.

Our BOSS Revolution branded money transfer, mobile top-up and international calling services make sending money and talking with friends and family around the world convenient and reliable. National Retail Solutions’ (NRS), our point-of-sale retail network, enables independent retailers to operate and process transactions more effectively while providing advertisers and consumer marketers with unprecedented reach into underserved consumer markets. net2phone’s unified communications as a service solution provides businesses with intelligently integrated cloud communications and collaboration solutions across channels and devices. Our IDT global  and IDT Express wholesale offerings enable communications companies to provision and manage international voice and SMS services.

About Claro Uruguay

Claro Uruguay, a 100% subsidiary of América Móvil, is the fastest growing mobile communications company with the highest 4G coverage in Uruguay. Follow them on Twitter @UruguayClaro.

América Móvil operates under the Claro brand in 16 countries: Uruguay, Argentina, Brazil, Chile, Ecuador, Colombia, Peru, Puerto Rico, Dominican Republic, El Salvador, Jamaica, Guatemala,

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IDT’s commitment to network transformation enables them to provide pioneering technologies and services that provide consumers and businesses with innovative communications and payments services.

Squire Technologies, a UK based signalling interworking specialist to the telecoms industry provides innovative core network solutions that meet the demand to manage signalling across all network generations and industry segments.

As mobile telecoms 5G evolution gathers pace Squire Technologies cloud-based routing and messaging platforms deliver converged signalling management systems that enable operators and CSP’s like IDT Global to effectively serve customers across multi-generation, 2G/3G, 4G LTE and 5G networks.    

With over two decades experience deploying core network solutions Squire Technologies Sigla platform is an amalgamation of proven signalling technology. The platform brings together routing and interworking, mediation, security and monitoring technologies into one centralised platform. This unified approach and smart intelligence provides network operators with the mechanism to provision and deploy new revenue generating services across all network generations with Sigla doing the heavy lifting in terms of protocol conversion and interworking.

Sanjeev Verma, CEO, Squire Technologies
“IDT is passionate about connecting the world. They are a leading global provider of telecommunications traffic. Just to give you an idea, they carried over 24 billion international minutes last year. It’s been a pleasure to support IDT Global on this project, with us deploying our Signalling Solutions into their UK, US and Hong Kong networks to support their ambitious communications services.”

To find out more about Squire Technologies multi-generation Sigla Platform visit: www.squire-technologies.com 

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