entertainment . idt corporation type public nyse idt industry telecommunications technology founded august 1990 headquarters newark new jersey u.s. key people howard s. jonas chairman samuel jonas ceo bill pereira ceo of idt telecom revenue 1.621 billion usd 2013 operating income 29.39 million usd 2013 1.8 % operating margin net income 11.61 million usd 2013 0.7 % profit margin number of employees 1 310 2013 website www.idt.net headquarters on broad street in newark idt corporation originally standing for international discount telecommunications is an american telecommunications company headquartered in newark new jersey . contents 1 history 1.1 boss revolution 2 pennytalk 3 uniontelecard 4 tuyo mobile 5 genie energy 6 corporate holdings & operating units 6.1 zedge 6.2 fabrix systems 6.3 cuba services 7 see also 8 references 9 external links history edit idt was founded by entrepreneur howard jonas in august 1990 . he founded the company after opening a sales office in israel receiving large international phone bills and then discovering a way to lower them by re originating calls in the united states . 1 in august 2000 idt sold a stake in its net2phone subsidiary to at & t for approximately 1.1 billion in cash . 2 in november 2004 idt launched its retail energy business idt energy . 2 as an electric and natural gas supplier idt energy started with customers in new york state . 3 they have entered many more deregulated markets since then including those in new jersey pennsylvania 4 maryland illinois and washington dc . 5 in 2014 idt energy was awarded the industry leadership and integrity award at the nyc energy marketing conference . 6 on january 26 2006 idt telecom inc. sold to gvc networks llc all its idt winstar solution subsidiaries winstar communications winstar government solutions llc and winstar wireless llc . on february 17 2006 idt announced it would reacquire full ownership of net2phone a company it had launched in the mid 1990s . on may 16 2006 idt agreed to sell its idt entertainment division to liberty media for all of liberty media s interests in idt 186 million in cash and the assumption of existing indebtedness . 7 on august 31 2006 the sale of all of idt entertainment s us operations and several international operations was completed . the remainder of the deal to include the canadian and australian operations is expected to be closed in the next few weeks after regulatory approval has been given . 8 this sale was completed on 29 september 2006 . 9 in march 2006 idt sold its russian telecom business corbina telecom to a moscow based consortium of private equity investors for net 129.9 million in cash . 2 on october 12 2006 idt completed the sale of its toucan consumer phone business in the uk to pipex for 46.3 million in cash and pipex stock . 10 in 2007 idt acquired a controlling interest in zedge.net a social networking community for mobile users and platform for sharing free mobile content . 2 on september 14 2009 idt spun off its ctm media holdings to its shareholders . ctm media holdings included ctm media a distributor of print and online media advertising focused on tourist destinations and idw publishing a comic book and graphic novel publisher . 11 on october 31 2011 idt spun off its energy related businesses to its shareholders as genie energy nyse gne . 12 on july 31 2013 idt spun off its wireless specturm license and certain ip holdings to its shareholders as straight path communications inc. nyse mkt strp . 13 the idt owned building at 520 broad street in downtown newark was home to the former mutual benefit life insurance company from 1957 to 2000 . boss revolution edit in 2009 idt introduced boss revolution a pin less international prepaid calling service . boss revolution pin less allows smart phone users to make single touch international calls . since its introduction boss revolution and other pin less providers have largely supplanted the traditional prepaid international calling card industry . idt subsequently announced initiatives to add various payment services to the boss revolution platform including international money transfer . 14 pennytalk edit idt inaugurated a service of low cost international calling called pennytalk . of note is the use of an australian actress to play a woman from london during the initial pennytalk commercial campaign . uniontelecard edit union telecard alliance is the distribution arm of idt telecom and one of the largest distributors of prepaid phone cards in the united states with over 200 different phone card brands throughout the country . tuyo mobile edit idt operated a wireless mvno tuyo mobile on the t mobile network . it was terminated on may 1 2012 . 15 genie energy edit idt spun off genie energy to its shareholders on october 31 2011 . it is a holding company comprising several energy related businesses . idt energy a retail energy provider an esco serving new york new jersey maryland pennsylvania illinois and genie oil & gas which controls the company s ventures in oil and gas and oil shale research and development in colorado israel the occupied golan heights and mongolia . despite the name idt energy is fully owned by genie and no longer belongs to idt . corporate holdings & operating units edit idt telecom inc. idt europe idt telecom asia pacific ltd net2phone inc. 16 union telecard alliance zedge holdings inc. 17 idt financial services 2go prepaid cards fabrix systems zedge edit zedge is a mobile content discovery platform and community where users can download content to customize their mobile devices . zedge was purchased by idt in december 2006 . 18 zedge was founded by kenneth sundnes tom arn y and paul shaw in norway in 2003 . zedge has over 30 million unique visitors per month across web mobile web and android . 19 fabrix systems edit fabrix systems is an israel based software company that developed and licenses a proprietary cloud based scalable storage and computing platform optimized for media and other big data applications . fabrix s platform currently powers a tier 1 us cable operators cloud based dvr offering and is used for cloud based dvr and deep storage by other system operators in north america and europe . 20 cuba services edit in february 2015 the company announced it had reached an agreement with empresa de telecomunicaciones de cuba s.a. etecsa cuba s national telecom provider for international long distance telephony between the united states and cuba directly . 21 see also edit idt megabite caf references edit ramirez anthony january 9 1992 . hot wiring overseas telephone calls . the new york times . retrieved may 5 2010 . a b c d idt annual report 2007 company overview of idt energy inc . bloomberg . retrieved 31 may 2016 . pa power switch . pa power switch . retrieved 31 may 2016 . green power markets . us department of energy . retrieved 31 may 2016 . the nyc energy marketing conference honors idt energy inc. with its industry leadership and integrity award . market watch . retrieved 31 may 2016 . idt corporation press releases uk film and television news liberty completes first stage of idt acquisition idt corporation press releases idt corporation press releases idt corporation press releases idt corporation press release dated october 31 2011 idt corporation press release dated july 15 2013 idt corporation press releases 2012 http www.webcitation.org 67wkizp3d archived from the original on may 9 2012 retrieved 2012 05 09 missing or empty title help cs1 maint unfit url link idt corp idt . reuters . retrieved 31 may 2016 . idt forms zedge studios acquires indie comic publisher idw . digitalmediawire 25 july 2007 zedge.net acquired by idt pete cashmore mashable december 17 2006 zedge home page . zedge ltd. retrieved 2010 04 13 . idt annual report 2013 fabrix system website http www.fabrixsystems.com reuters http www.reuters.com article 2015 02 20 idt corp cuba idusl4n0vu01q20150220 external links edit idt corporation official website . boss revolution official website . idt asia official website net2phone official website . pennytalk official website . union telecard alliance official website . idt company profile yahoo finance . zedge official website . zedge mobile zedge review . fabrix systems official website . idt video idt building viewed from 1wp . retrieved from https en.wikipedia.org w index.php title idt corporation & oldid 739061925 categories companies listed on the new york stock exchangecompanies established in 1990companies based in newark new jerseytelecommunications companies of the united statescommunications in new jerseymedia in newark new jerseyhidden categories pages with citations lacking titlespages with citations having bare urlscs1 maint unfit url navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom 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