FCC Concludes Inquiry into Renewal of Spectrum Licenses Included in Straight Path Spin-Off: Says it Does Not Plan Further Action
25 August 2022 - 10:30PM
IDT Corporation (NYSE: IDT), a global provider of fintech, cloud
communications, and traditional communications services, announced
today that it has been informed by the Enforcement Bureau of the
Federal Communications Commission’s Spectrum Enforcement Division
that the Bureau has completed its review of the record regarding
the renewal of spectrum licenses included in IDT’s 2013 spinoff of
Straight Path Communications and, at this time, does not plan to
take further action in the matter.
“We cooperated with the Enforcement Bureau
throughout their review, and welcome this outcome,” said Shmuel
Jonas, IDT’s Chief Executive Officer.
About IDT Corporation:
IDT Corporation (NYSE: IDT) is a global provider
of fintech, cloud communications, and traditional communications
services. We make it easy for families to contact and support each
other across international borders. We also enable businesses to
transact and communicate with their customers with enhanced
intelligence and insight.
Our BOSS Money international remittance and BOSS
Revolution international calling services make sending money and
speaking with friends and family around the world convenient and
reliable. National Retail Solutions’ (NRS) point-of-sale retail
network enables independent retailers to operate and process
transactions more effectively while providing advertisers and
consumer marketers with unprecedented reach into underserved
consumer markets. net2phone’s communications-as-a-service solutions
provide businesses with intelligently integrated cloud
communications and collaboration tools across channels and devices.
Our IDT Global and IDT Express wholesale offerings enable
communications service enterprises to provision and manage
international voice and SMS services.
Contact:
Bill UlreyIDT Investor RelationsPhone: (973) 438-3838E-mail:
invest@idt.net
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