M&A Deal Summary

International Discount Telecommunications Acquires net2phone

On February 17, 2006, International Discount Telecommunications acquired communications company net2phone from AT&T

Acquisition Highlights
  • This is International Discount Telecommunications’ 1st transaction in the Communications sector.
  • This is International Discount Telecommunications’ 1st transaction in the United States.
  • This is International Discount Telecommunications’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2006-02-17
Target net2phone
Sector Communications
Buyer(s) International Discount Telecommunications
Sellers(s) AT&T
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

International Discount Telecommunications

Newark, New Jersey, United States
Category Company
Founded 1990
Sector Communications
Employees1,880
Revenue 1.2B USD (2023)
DESCRIPTION

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

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-01 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.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-22 IDT Financial Services Holdings

Gibraltar, Spain

IDT Financial Services Holdings Ltd. (IDT Finance) is a provider of financial services. IDT Financial Services is based in Gibraltar, Spain.

Sell -

Seller(S) 1

SELLER

AT&T

Dallas, Texas, United States
Category Company
Founded 1983
Sector Communications
Employees148,290
Revenue 122.4B USD (2023)
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 7 of 24
Sector (Communications) 4 of 11
Type (Divestiture) 4 of 20
State (New Jersey) 2 of 2
Country (United States) 7 of 21
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-27 SBC Communications

San Antonio, Texas, United States

SBC Communications, Inc. provides communication services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-20 USinternetworking

Annapolis, Maryland, United States

USinternetworking, Inc. is an independent Applications Service Provider (ASP).

Buy $300M
Mergr

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