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Former defense secretary joins IDT board

Former U.S. Secretary of Defense William S. Cohen has been appointed to the board of directors of IDT Telecom, a subsidiary of telecommunications service provider IDT that handles long-distance and calling-card calls. Cohen is a former U.S. senator from Maine who served four years as the country's secretary of defense in Bill Clinton's administration. Cohen is currently chief executive of the Cohen Group, a business consulting firm in Washington, D.C.

September 17, 2001


IDT reports first quarter loss

January 6, 2001


Short Take: IDT launches free Net access, email, calls

IDT, a phone and Internet service provider, has launched a new service that gives people free Internet access, email and computer-based phone calls over the Net. The new Web site, called FreeAtLast.com, will be supported through advertising, IDT executives said.

May 2, 2000


IDT falls short of 2Q forecasts

March 16, 2000


Teligent announces terms of asset sale

Teligent announced Friday the terms of its sale, which will allow the company to continue offering fixed wireless communications services. Teligent filed for bankruptcy protection in May after a series of layoffs. In the deal, a new company will pay more than $115 million for Teligent's domestic fixed wireless business and assets. If financing comes through, the unnamed company will fund Teligent's operations in its 11 markets, including Boston, Chicago, Dallas, Los Angeles, New York, Philadelphia and Washington, DC. The old Teligent management will mostly run the new company. Teligent COO Jim Continenza will become CEO, and the senior management will remain intact except the new CFO, expected to be announced soon. IDT owns the largest stake in Teligent, or about 41 percent of voting shares, part of which it bought from Liberty Media for $37.5 million, compared with $1.4 billion spent by Liberty. Other investors include Microsoft and Japan's NTT.

August 27, 2001


IDT joins pricing joust

September 1, 1999


IDT to quit Intel chip-clone business

Plunging processor prices hit another company as the designer of Intel-compatible chips gets ready to exit the market.

July 14, 1999