IDT Profile

IDT Corporation operates as a telecommunications and energy company. It operates in three segments: Telecom Platform Services, Consumer Phone Services, and Genie Energy. The Telecom Platform Services segment provides telecommunications services, including prepaid and rechargeable calling cards, a range of voice over Internet protocol communications services, and wholesale carrier services. It produces and distributes prepaid calling cards to retail outlets across the country. This segment also provides prepaid cards to large and medium-sized retail chains, such as supermarkets, drug stores, and convenience stores under the retailers' brand names. The Consumer Phone Services segment offers consumer local and long distance services comprising unlimited local, regional toll, and domestic long distance calling. The Genie Energy segment, through its IDT Energy subsidiary, resells natural gas and electricity to customers in New York. In addition, Genie Energy holds the company's interests in the American Shale Oil, LLC (AMSO), a joint oil shale research and development venture in Colorado with Total, S.A.; and in Israel Energy Initiatives (IEI), which holds an exclusive shale oil exploration and production license in the Shfela region of Israel. IDT Corporation was founded in 1990 and is headquartered in Newark, New Jersey.

 

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