Subj: Net2Phone Special
Date: 5/18/99 8:22:56 PM Eastern Daylight Time
From: info@ilocus.com (iLocus)
To: subscribers@ilocus.com (subscribers)
Net2Phone Special
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Net2Phone files for an Initial Public Offering
IDT announced late this evening that its subsidiary, Net2Phone, has filed a registration statement with the Securities and Exchange Commission for an initial public offering of common stock.
Details related to the number of shares and the price were not revealed. However its public offering is widely viewed as one of the most eagerly awaited one. Forbes ASAP recently ranked IDT the fourth most dynamic company in telecoms, calling the service provider 'The King of Change'.
The Internet telephony service pioneer is the current leader in retail IP telephony market, with nearly 9% market share of the global VoIP minutes. It is expected to make a turnover of approximately $45 million in the year 1999 according some of the financial analysts.
Net2Phone was the first to provide PC-to-phone Internet telephony service back in 1996. The service provider has since forged marketing alliances with leading companies including NetScape, Excite, Yahoo!, InfoSpace.com and IBM expanding its customer base to about 1.5 million level.
Nearest competitors include AT&T Jens and Delta Three. The latter - a subsidiary of RSL Communications - is also is a process of issuing as IPO.
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<DIV>Net2Phone
Special</DIV>
<DIV>--------------------------</DIV>
<DIV> </DIV>
<DIV><! --start of central column-- >Net2Phone files for an
Initial Public Offering </DIV>
<DIV> </DIV>
<DIV>IDT announced late this evening that its subsidiary,
Net2Phone, has filed a registration statement with the Securities and Exchange
Commission for an initial public offering of common stock.
Details related to the number of shares and the price were not
revealed. However its public offering is widely viewed as one of the most
eagerly awaited one. Forbes ASAP recently ranked IDT the fourth most dynamic
company in telecoms, calling the service provider 'The King of Change'.
The Internet telephony service pioneer is the current leader in
retail IP telephony market, with nearly 9% market share of the global VoIP
minutes. It is expected to make a turnover of approximately $45 million in the
year 1999 according some of the financial analysts.
Net2Phone was the first to provide PC-to-phone Internet
telephony service back in 1996. The service provider has since forged marketing
alliances with leading companies including NetScape, Excite, Yahoo!,
InfoSpace.com and IBM expanding its customer base to about 1.5 million level.
Nearest competitors include AT&T Jens and Delta Three. The
latter - a subsidiary of RSL Communications - is also is a process of issuing as
IPO. </DIV>
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