NEWARK, NJ, Aug. 25, 2022 (GLOBE NEWSWIRE) — 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.
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Contact:
Bill Ulrey
IDT Investor Relations
Phone: (973) 438-3838
E-mail: invest@idt.net
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