IDT *(idtc) following this new issue?* Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : IDT *(idtc) following this new issue?*

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: carreraspyder	11/26/2007 4:26:54 PM
	Read Replies (1) of 30916

Net2Phone Wins Arbitration Award Against Altice November 26, 2007 04:10 PM Eastern Time NEWARK, N.J.--(BUSINESS WIRE)--IDT Corporation (NYSE: IDT, IDT.C) today announced that its Net2Phone Cable Telephony subsidiary has been awarded approximately €23 million, plus interest from November 2005, in an arbitration proceeding against Altice One S.A. and certain of its affiliates. The arbitration took place in Belgium. Net2Phone was represented by Professor Bernard Hanotiau of Hanotiau & van den Berg. The arbitration proceedings related to Altice’s termination of cable telephony license agreements Net2Phone had entered into in November 2004. “We are pleased that the arbitration panel has validated what we knew to be the proper reading of our agreements with Altice,” said Jim Courter, CEO of IDT. “Our pursuit of the matter shows that, as IDT’s operations grow in geographic and operational scope, we remain committed to protecting our legal and contractual rights.” businesswire.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next