IDT's Net2Phone Expands European Offerings of Net2Phone Direct
November 12, 1998
HACKENSACK, N.J.--(BUSINESS WIRE)
Agreement with Capcom enables expanded IP-based phone services
throughout Spain and Italy
IDT's (NASDAQ: IDTC) Net2Phone today announced that it has signed a multi-year contract with Capcom S.A., based in Madrid, Spain, to offer phone-to-phone Internet telephony services in Europe.
Under the agreement, Capcom, an emerging telecommunications provider in Spain, has purchased Net2Phone Direct gateways, and will resell Net2Phone Direct services such as pre-paid phone cards and corporate voice and fax services to its customers. Capcom currently offers long-distance calling to businesses and consumers through postpaid and calling card services. Capcom has planned an aggressive rollout for Net2Phone Direct in Spain, Italy and other markets in southern Europe.
Capcom has acquired fiber capacity from Spain to the US in order to offer the quality of service demanded by European businesses.
"IDT is pleased to be working with Capcom for two reasons. First, as an emerging telecommunications company in a rapidly deregulating market, they have the ability to seize market share in high technology and discounted telecommunications services," said Michael Long, Director of Business Development for IDT. "Second, they will do this by saving Spanish and Italian callers money and providing great service. Callers will be able to make inexpensive calls using an ordinary telephone, GSM phone, fax machine or PBX. "
"We are pleased to be working with the leader in IP telephony," said Laura Caprile, General Manager for Capcom and Printelcard. "Capcom, using Net2Phone technology and distributing Net2Phone products, wants to give the best and most competitive services using IP. With Printelcard, its associated company, we are operating and selling prepaid telephone cards all over Spain. We want to be one of first companies operating in the prepaid market in southern Europe.
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