IDT Buys Rest of Union Telecard Alliance

Today, the IDT Corporation announced that they were buying the remaining 49% of Union Telecard Alliance (UTA) that they don't already own.

UTA, which was founded by Carlos Gomez in May, 2003, is the exclusive distributor of IDT prepaid calling cards in the United States.

UTA has built a network of over 850 sub-distributors that sell IDT Telecom calling cards in retail outlets around the United States. Union Telecard Alliance also sells cards through it's website

In addition to card distribution, UTA is also involved in developing IDT's calling card marketing strategies, including ideas for developing new calling card products.

UTA markets IDT calling cards under dozens of card names, including Crazy USA, Bharat, Simply Asia USA, and DSA National Green, among many others. The cards are primarily intended for making cheap international long distance calls from the United States to countries worldwide.

Among other features, UTA caters to US-based foreign nationals and immigrants by offering calling cards with access numbers in a variety of languages, including Hindi, Mandarin, Arabic, Spanish, and many other languages.

Under the terms of the deal, IDT will pay $6.9M for the remaining 49% interest in the company. Additional payments of up to $2.5M are possible under certain conditions.

IDT indicates that owning the entire company will allow them to streamline operations and improve financial performance while also delivery higher quality cards and additional benefits to consumers.

IDT Corporation is a publicly traded company listed on the New York Stock Exchange.

Union Telecard Alliance website

IDT Corporation website

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