NEWARK, N.J., Sept. 5, 2017 /PRNewswire/ -- IDT
Corporation (NYSE: IDT) and COMCEL Guatemala ("Tigo"), a joint
venture of Millicom International Cellular S.A. (NASDAQ: MIICF),
today announced the signing of a Reciprocal Services Agreement
allowing a full range of services, including, but not limited to,
termination of inbound and outbound international long-distance
voice calls to Tigo´s network in Guatemala.
"We are delighted with this strategic long-term Reciprocal
Services Agreement, which will enable us to provide Tigo a variety
of services and will greatly improve IDT's competitive position in
Guatemala as a service provider of
international voice calls, both inbound and outbound," said
Bill Pereira, CEO of IDT Telecom.
"Tigo is a highly-experienced operator with global reach with whom
we have built a successful relationship over many
years."
The long-term agreement is expected to increase IDT's
wholesale minute volumes through Guatemala while providing Tigo with a stable
partner in the rapidly changing wholesale market.
Guatemalans living in North
America and Europe will
benefit from the partnership through IDT's flagship consumer
calling service, BOSS Revolution.
"This agreement is a milestone in our long relationship
with IDT," said Luis Fernando
Valladares, CEO of Tigo. "We have collaborated with IDT for
years providing international voice service and mobile top-up
offerings in North America,
Latin America and Europe through IDT's retail network. In
the wholesale carrier market, we have long leveraged each other's
global telecommunications networks to terminate international voice
traffic."
IDT Telecom is calling-line identification (CLI) certified
in over 165 countries, has over 430 CLI-certified routes and over
600 direct connects. As the wholesale voice industry evolves and
the number of carriers with worldwide coverage of direct connects
begins to shrink, only a handful of carriers will be well
positioned to manage inbound and outbound traffic on behalf of an
operator. This agreement solidifies IDT's position as the
leading independent voice carrier whose global reach can add true
value to a network operator's voice
business.
"The wholesale voice market is being transformed by OTT
services," IDT's Pereira added. "Nevertheless, the traffic
generated by our BOSS Revolution consumer calling service has
helped us leverage our wholesale minutes at a time when other firms
are exiting the wholesale carrier business altogether. Today,
IDT is one of the largest carriers of minutes globally and the
world's largest independent carrier. Our strength and
stability in the wholesale carrier market makes IDT Carrier
Services a logical choice for telephony operators working to
sustain profitable international voice offerings," he
concluded.
About Tigo:
COMCEL Guatemala
("Tigo") is jointly owned by the Millicom Group and Miffin
Associates Corp. Millicom offers digital lifestyle products and
services primarily through wireless and cable TV/ high-speed
broadband networks in Central
America, South America and
Africa. COMCEL benefits from
Millicom's vast emerging markets operating experience, product
development and technical expertise and sharing of best practices
gained from its operations in 13 emerging markets. Miffin is a
holding company with interests in several lines of business,
including telecommunications, real estate and renewable power.
Miffin has greatly contributed to COMCEL success through its deep
understanding of Guatemala's
economy and demographics (including our customer base) and through
its relationships with commercial, industry and other strategic
stakeholders.
About IDT Corporation:
IDT
Corporation (NYSE: IDT), through its IDT Telecom
division, provides telecommunications and payment services to
individuals and businesses primarily through its flagship Boss
Revolution® and Net2Phone® brands. IDT
Telecom's wholesale business is a leading global carrier of
international long distance calls. For more information on
IDT, visit www.idt.net.
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SOURCE IDT Corporation