ted States and in Florida. In addition to these geographic areas, the company continues to improve distributor relationships and expand its retail network in other areas of the United States, including the Southwest and West Coast. Wholesale Carrier Services Wholesale Carrier Services terminates international telecommunications traffic in approximately 170 countries worldwide. The company’s customers include its Retail Communications business, major and niche carriers worldwide, mobile network operators, and other service providers, such as call aggregators. For majority of these customers, particularly the major carriers, the company engages in buy-sell relationships, terminating their customers’ traffic in exchange for terminating the company’s wholesale and retail traffic with their customers. IDT Telecom terminated 29.6 billion minutes in the year ended July 31, 2015. IDT Telecom has various direct connections to Tier 1 providers outside the United States, particularly Tier 1 providers in Latin America, Asia, Africa, Europe and the Middle East. The company also has direct relationships with mobile network operators. As of July 31, 2015, Wholesale Carrier Services had approximately 3,000 customers. IDT Telecom has approximately 800 carrier relationships worldwide. Payment Services The majority of Payment Services’ revenue is generated by international airtime top-up. Other products and services in this vertical include domestic airtime top-up, gift cards sold in the United States and Europe, domestic bill pay service and the company's international money transfer service. Payment Services also includes reloadable prepaid debit cards marketed in Europe and Bank Identification Number sponsorship services offered by the company’s Gibraltar-based bank, IDT Financial Services Ltd. The company’s international airtime top-up products enable customers to purchase minutes for a prepaid mobile telephone in another country. They are sold both through the company’s Boss Revolution platform and in hard card format. The company’s international airtime top-up offerings are focused on geographic corridors, such as the United States to various Central American countries. The company’s international money transfer service is offered through the Boss Revolution platform, and like other payment services, utilizes the company’s retail network and associated ability to serve unbanked customers. Hosted Platform Solutions Hosted Platform Solutions’ revenue is generated primarily by voice over Internet protocol (VoIP) products and services sold under the Net2Phone brand. Net2Phone’s offerings are delivered through various channels, including cable operators, value added resellers (VARs), and international service providers under the reseller vertical. VoIP enterprise solutions are the key focus across all channels for Net2Phone’s cloud-based trunking and hosted private branch exchange (PBX) solutions. International Operations Internationally, the company provides prepaid calling cards, including both private label and IDT-branded calling cards, which are sold through a network of various independent retailers, as well as through the company’s own internal sales force. Additionally, the company sells Boss Revolution PIN-less international calling and domestic and international airtime top-up and payment services in select global markets both through retailers and directly to consumers. Wholesale Termination and related wholesale services are marketed and sold globally through the company’s internal wholesale sales team. In Europe, the company markets its Retail Communications products in the United Kingdom, the Netherlands, Spain, Germany, Belgium, Ireland, Italy, Luxembourg, Sweden, Switzerland, Denmark, Norway, Austria, France and Greece. The company offers approximately 600 different prepaid calling cards in Europe. In addition, the company sells Boss Revolution platform products through retailers, its mobile app, and direct-to-consumer Websites in Germany, Spain and the United Kingdom. In the United Kingdom, the company sells the Prime Card, a major prepaid MasterCard through select retailers and online d
idt corp-class b
(IDT:New York Consolidated)
520 Broad Street
Newark, NJ 07102
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