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IDT acquires France Telecom's pre-paid phone card business.

TELECOMWORLDWIRE-24 January 2003-IDT acquires France Telecom's pre-paid phone card business(C)1994-2003 M2 COMMUNICATIONS LTD

IDT Europe, a division of IDT Telecom, has completed the acquisition of the Global One pre-paid phone card business from France Telecom.

The transaction is expected to increase IDT's market position in the European smart card market while also preparing the company for further expansion into other territories. The company will reportedly co-brand the Global One cards for six months then migrate the current Global One phone card range into its product portfolio.

No financial details of the transaction were disclosed.

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Comment:IDT acquires France Telecom's pre-paid phone card business.
Article Type:Brief Article
Geographic Code:4EUFR
Date:Jan 24, 2003
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