M&A Deal Summary

AT&T Acquires net2phone

On August 1, 2000, AT&T acquired communications company net2phone from IDT for 1.1B USD

Acquisition Highlights
  • This is AT&T’s 6th transaction in the Communications sector.
  • This is AT&T’s 10th largest (disclosed) transaction.
  • This is AT&T’s 7th transaction in the United States.
  • This is AT&T’s 1st transaction in New Jersey.
Investment Fate
  • net2phone was divested to a consortium of strategic buyers in 2006.

M&A Deal Summary
Date 2000-08-01
Target net2phone
Sector Communications
Buyer(s) AT&T
Sellers(s) IDT
Deal Type Divestiture
Deal Value 1.1B USD

Target

net2phone

Newark, New Jersey, United States
website
net2phone, Inc. is a provider of cloud based telephony services. net2phone's flagship hosted PBX service offers its channel partners the opportunity to uncover significant recurring revenues, enjoy customer retention, and add new services to, or even build, their own brands.

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Buyer(S) 1

Buyer

AT&T

Dallas, Texas, United States

website

Category Company
Founded 1983
Sector Communications
Employees160,700
Revenue 120.7B USD (2022)
DESCRIPTION
AT&T's corporate headquarters in downtown Dallas, Texas.
AT&T's corporate headquarters in downtown Dallas, Texas.

AT&T is a provider of telecommunications services in the United States and the world. AT&T offers services and products to consumers in the US and services and products to businesses and other providers of telecommunications services worldwide. AT&T's services and products include wireless communications, local exchange services, long-distance services, data/broadband and Internet services, video services, telecommunications equipment, managed networking, and wholesale services. AT&T was founded in 1983 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 8 of 37
Sector (Communications) 6 of 19
Type (Divestiture) 1 of 4
State (New Jersey) 1 of 2
Country (United States) 7 of 32
Year (2000) 3 of 3
Size (of disclosed) 10 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-26 American Cellular corp.

Franklin, Tennessee, United States

American Cellular was one of the largest independent rural cellular telephone system operators in the U.S. The Company owned and operated non-wireline FCC-licensed cellular telephone systems primarily in rural areas of the Midwestern and Eastern portions of the U.S. American Cellular was acquired by a joint venture between AT&T and Dobson.

Buy $2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-09 New Cingular Wireless Services

Redmond, Washington, United States

New Cingular Wireless Services, Inc., doing business as AT&T Mobility, provides wireless communications service in the United States.

Sell -

Seller(S) 1

SELLER

IDT

Newark, New Jersey, United States

website

Category Company
Founded 1990
Sector Communications
Employees1,680
Revenue 1.4B USD (2022)
DESCRIPTION

IDT is a telecommunications company, that provides services to personal and business customers. IDT was founded in 1990 and is based in Newark, New Jersey.

DEAL STATS #
Overall 1 of 2
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 2
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2000) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-17 net2phone

Newark, New Jersey, United States

net2phone, Inc. is a provider of cloud based telephony services. net2phone's flagship hosted PBX service offers its channel partners the opportunity to uncover significant recurring revenues, enjoy customer retention, and add new services to, or even build, their own brands.

Buy -
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