IDT Corp. is a multinational holding company, which engages in the provision of telecommunication services. It operates through the following segments: Telecom Platform Services and Consumer Phone Services. The Telecom Platform Services segment markets and distributes multiple communications and payment services across four broad business verticals such as retail communications, wholesale carrier services, payment services and hosted platform solutions. The Consumer Phone Services provides local and long distance services to consumer. The company was founded by Howard S. Jonas in August 1990 and is headquartered in Newark, NJ.