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IDT Corporation Postpones Spinoff of net2phone

Globe Newswire - Thu May 5, 2022

NEWARK, NJ, May 05, 2022 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications services, announced today that, in light of current market conditions, its Board of Directors has postponed the spinoff of its net2phone cloud communications segment, which it had been preparing to spin off on or before July 31st, 2022.

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