IDT's Net2Phone Cuts Rates
Stephen, All, what do you think about all of these rate cuts? These guys gonna make any money? This comes from the IDT Board, thanks to Tom Gebing
Frank C.
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IDT's Net2Phone Cuts Rates Again Leading PC-to-phone provider cuts UK and France rate to 7 cents per minute
go2net.newsalert.com.
Business Wire - November 09, 1998 09:27
HACKENSACK, N.J.--(BUSINESS WIRE)--Nov. 9, 1998--IDT's (NASDAQ: IDTC) Net2Phone announced today that it will be reducing the rates on its PC-to-phone service to 7 cents per minutes to the United Kingdom and France from any Internet-ready multimedia PC anywhere in the world.
These new aggressive rates will be in effect 24 hours a day, 7 days a week, from November 10 through December 23.
"As the recognized leader in PC-to-phone technology, we want to ensure that our customers are getting, by far, the lowest pricing available today, and by offering these special savings, we hope to continue providing our customers with overall satisfaction," said David Greenblatt, Net2Phone's Chief Operating Officer. "As we cut our costs, we will rapidly pass those savings along to our customers."
Net2Phone enables Internet users to place calls to any telephone in the world via the Internet, transforming multimedia computers into full service communications tools. Recipients of the call need not be online as calls are routed directly to traditional telephones. Because calls are placed through the Internet, phone rates are not based on the country of origin.
For example, new rates to Germany, France, United Kingdom, Sweden, Australia, Belgium, Ireland, Denmark, Netherlands, Canada, and Norway are 10 cents per minute. Rates that are normally prohibitively high such as Israel, Italy, Taiwan, and Brazil have been dropped to as low as 10 cents, 15 cents, 20 cents, and 20 cents per minute respectively. The Company does not expect these reduced rates to impact on profit margins on these routes and is passing on efficiencies and reduced costs to its customers.
IDT is a leading emerging multinational carrier that combines its position as an international telecommunications operator, its experience as an Internet service provider and its leading position in Internet telephony to provide a broad range of telecommunications services to its wholesale and retail customers worldwide. The company provides its customers with integrated and competitively priced international and domestic long distance, pre-paid calling cards, Internet access and, through its Net2Phone product offerings, Internet telephony services including Net2Phone Direct, Net2Fax, and Click2Talk. For more information about IDT's Internet telephony services, please visit www.net2phone.com.
Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements involving risks and uncertainties. Important factors that could cause actual results to differ materially from such forward-looking statements, include, but are not limited to, the competitive environment for Internet telephony, changes of rates of all related telco rates and services, legislation that may affect the Internet telephony industry, IDT's ability to operate the services described on a large scale commercial level. For additional information regarding these and other risks associated with the company's business refer to the company's reports filed with the SEC.
CONTACT: IDT Public Relations
Sarah Hofstetter
201-928-2882/ sarah@corp.idt.net
or
IDT Investor Relations
Janine Kutliroff
201-928-4391/ janinek@corp.idt.net |
