IDT postpones spinoff of net2phone cloud segment due to market conditions

IDT CORP

Spinoff of net2phone postponed indefinitely; prior target was July 31, 2022.
IDT cites current market conditions as reason for delay.
CEO says company will focus on making net2phone 'bottom line accretive' while still planning to monetize later.
net2phone president notes exceptional results and recent acquisition of Integra.
net2phone provides cloud communication solutions in North and South America.

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