Tuesday, June 28, 2005

Consolidate this

There's no sign of it in the corporate website at this writing, but 45 minutes ago I got an email declaring that IDT is launching a tender offer for outstanding equity in its Net2Phone (NTOP) subsidiary, at a 20% premium to today's closing price. IDT's Toucan unit is a player in CPS, broadband and mobile in the UK, and I wonder what this deal means (if anything) for VoIP in Europe generally, given IDT's existing UK presence and NTOP's involvement in European cable VoIP. I have previously heard a wide range of rumors, ranging from a plan by IDT to sell NTOP some time ago, to a more recent rumor claiming that NTOP is MCI's partner in its Neighborhood Broadband Calling service.

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