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IDT Forms Mobile Unit, Acquires Norway's Zedge.net

Authored by Mark Hefflinger on December 18, 2006 - 11:47am.
Newark, N.J. - IDT Capital, a unit of the international telecom and technology firm, announced on Monday the formation of an IDT Internet Mobile Group.

The new division will be responsible for the acquisition, development and incubation of Internet and mobile content. With the announcement, IDT also announced its acquisition of Norway-based Zedge.net, a user-generated mobile content site.

Financial terms of the deal were not disclosed. Zedge.net claims nearly 3.5 million members and close to half a million pieces of user-generated mobile content.

Related Links:
http://tinyurl.com/yhm2bf 
http://www.idt.net
http://www.zedge.net
tags: Deals | Mobile | Career | Acquisitions | Openings | Norway | UGC | Social Media | IDT | Zedge |

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