Back to press releasesIDT Corporation (NYSE: IDT, IDT.C) today announced that IDT Spectrum,
Inc.—its division that operates and markets
fixed wireless spectrum products and solutions—has
established an aggressive online leasing program for mobile and fixed
wireless providers that is accessible via its newly launched website, www.idtspectrum.com.
“As the more than $19 billion raised by the FCC at its recent 700 MHz
spectrum auction clearly demonstrates, we are increasingly living in a ‘wireless
world‘ and IDT Spectrum is well-positioned to
unlock the potential of wireless broadband through our high frequency
Spectrum licenses. We have the ability to provide the bandwidth which is
necessary to successfully deploy these technologies,“
said Jim Courter, IDT’s Vice Chairman and CEO.
With more than 1,250 licenses in its inventory, IDT Spectrum is the
largest holder of commercial high frequency exclusively licensed fixed
wireless spectrum in the United States, both in terms of nationwide
coverage and total bandwidth. On average, the Company holds more than
500 MHz of spectrum in the top 200 U.S. markets and approximately 940
MHz of spectrum in the top 50 U.S. markets. IDT Spectrum‘s
licenses—both its 39 GHz and LMDS (28-31 GHz)
holdings—are contiguous across the whole
United States (including Alaska, Hawaii and Puerto Rico), giving the
Company the competitive advantage of being able to serve customers
nationwide. The licenses held by IDT Spectrum are suited for high
bandwidth point to point applications, including the needs of wireless
operators to carry traffic from cell sites to network access points—referred
to in the industry as backhaul.
Michael Rapaport, IDT Spectrum‘s President,
added, “IDT has a proud history of leveraging
advanced technologies to deliver high quality services at reduced
prices. IDT Spectrum looks forward to offering a high quality,
cost-effective solution to the backhaul bottleneck issue as wireless
carriers deploy more 3G and 4G services. To that point, we now offer a
fixed wireless solution that can offer nationwide, regional or local
spectrum leases either in large frequency blocks or point-to-point
links. IDT Spectrum is pleased to launch our new online leasing program
to serve backhaul and other customer needs, which will enable our rapid
time-to-market approach to get even faster.“
About IDT Corporation:
Corporation is an innovative and opportunity seeking multinational
holding company with operations that span various industries. Through
its Telecom subsidiary, IDT provides telecommunications services
worldwide to the retail and wholesale markets. IDT Energy operates an
Energy Services Company (ESCO) in New York State. IDT subsidiary
American Shale Oil Corporation (AMSO) manages IDT‘s
oil shale ventures. IDT’s Capital division incubates newer businesses,
and the Company’s Spectrum subsidiary holds its spectrum license assets.
IDT Telecom provides retail and wholesale telecommunications services
and products, including pre-paid and rechargeable calling cards,
consumer local, long distance, and wireless phone services, and
wholesale carrier services. Under the Net2Phone brand name, the Company
also provides a range of voice over Internet protocol (VoIP)
communications services. IDT Capital’s operations include receivables
portfolio management and collection, ethnic food distribution, brochure
distribution, Internet Mobile Group, Net2Phone Ventures and other
initiatives. IDT Corporation’s Class B Common Stock and Common Stock
trade on the New York Stock Exchange under the ticker symbols IDT and
IDT.C, respectively.
In this press release, all statements that are not purely about
historical facts, including, but not limited to, those with 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.All
forward-looking statements and risk factors included in this document
are made as of the date hereof, based on information available to IDT as
of the date thereof, and IDT assumes no obligation to update any
forward-looking statements or risk factors.
