IDT's Toucan to launch the UK's brightest Mobile Virtual Network Operator - ToucanMobile |
T-Mobile, one of the world's leading companies in mobile communications, and Toucan, IDT Europe's consumer telephony brand, have signed a partnership agreement to launch a new mobile phone service, ToucanMobile. The service is planned for launch in the UK later this year and takes the form of a post-paid Mobile Virtual Network Operator (MVNO) partnership.
ToucanMobile is the latest telecoms service offered under the Toucan brand. The ToucanTalk Carrier Pre-Select service was launched at the beginning of 2004 and was followed at the end of the same year by the internet service ToucanSurf. Toucan also provides the 118613 Directory Enquiry service and the ToucanGo post-paid calling card.
"ToucanMobile is a significant step forward for IDT Europe" said Marc Bodner, Managing director of IDT Europe. "Adding the mobile element to our consumer proposition will strengthen us as the convergence continues in the telecoms market from fixed line to mobile."
"We are delighted with this further extension to the Toucan brand" added Joseph Blass, Toucan's Managing Director. "This major addition to the Toucan portfolio will combine the traditional Toucan values of simplicity, transparency, and good value for money."
Phil Chapman, Marketing Director of T-Mobile UK said: "This agreement is an opportunity for us to add another MVNO to our existing offering and further strengthen our presence in the UK's wholesale market."
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IDT currently offers mobile service via its MVNOs in Russia and Sweden, and is planning to launch services in the US as well. The company is also looking at other opportunities across Europe.
Notes to Editors:
IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to retail and wholesale customers worldwide. IDT Telecom, by means of its own international telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance and domestic all-distance telephony and prepaid calling cards. IDT Entertainment is the IDT subsidiary focused on developing, acquiring, producing and distributing computer-generated and traditionally animated productions and other productions for the film, broadcast and direct-to-consumer markets. IDT Capital is the IDT division principally responsible for the Company's initiatives in radio broadcasting, brochure distribution and new video technologies. Net2Phone, Inc., a subsidiary of IDT Corporation, is a leading provider of high-quality global retail Voice over IP services and offers a fully outsourced cable telephony service to cable operators allowing cable operators to provide residential phone service to their subscribers.
IDT Corporation's Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.
Important Note: In this press release, all statements that are not purely about historical facts, including, but not limited to, those include the words "believe," "anticipate," "expect," "plan," "intend," "estimate," "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent IDT's current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in IDT's most recent report on SEC Form 10-K (under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations"), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K and other filings IDT may make with the SEC.
About T-Mobile International
T-Mobile International is one of the world's leading companies in mobile communications. As one of Deutsche Telekom`s three strategic business units, T-Mobile concentrates on the most dynamic markets in Europe and the United States. By end of 2004, almost 120 million people were using the mobile communications services provided by companies in which T-Mobile or Deutsche Telekom have a majority or minority stake. And all that over a common technology platform based on GSM, the world's most successful digital wireless standard. This also makes T-Mobile the only mobile communications provider with a seamless transatlantic service.
T-Mobile also is partner of FreeMove, an alliance formed by four of Europe's leading mobile companies - Orange, Telefonica Moviles, TIM (Telecom Italia Mobile) and T-Mobile – to help their customers communicate as easily while travelling abroad as they do at home.
For more information about T-Mobile International, please visit www.t-mobile.net
For more information, please contact:
IDT
Miles Barry,
Toucan Marketing Manager 020 7549 6000 mbarry@idteurope.com
Elaine Devereux: Tel: + 44 (0) 20 8762 5046
T-Mobile: + 44 (0) 7950 396 249
WHB Communications
Bill Boyle, 07764 786488 bill@whbcommunications.com
Ends
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Feb 22, 2005 |
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