If you do not have Reader, click to download it. InterExchange provides satellite frame relay networking and carrier-grade Internet telephony to over 20 international destinations and also operates the nation's largest international debit card platform. IDT management believes that the transaction will be significantly accretive and will both cut IDT 's costs and facilitate its rapid network buildout plan. This is the deal I have wanted for years, more than any other. It's taken a long time, but it was worth it.
Spring training's over now.
We believe the combination of IDT 's world-class sales and marketing team with InterExchange's extensive technology base will be unbeatable in the marketplace. Obviously with our superior technology we had our choice of merger partners. But in terms of our assessment of future growth prospects and our team's confidence in management no other company even compares with IDT and we're proud to now be an integral part of the company. IDT Corp. is a leading emerging multinational carrier that combines its position as an international telecommunications operator, its experience as an Internet service provider and its leading position in Internet telephony to provide a broad range of telecommunications services to its wholesale and retail customers worldwide. The company provides its customers with integrat ed and competitively priced international and domestic long distance, Internet access and, through its Net2Phone product offerings, Internet telephony services including Net2Phone Direct and Net2Fax.