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IDT Corporation Opens Renovated Headquarters In Newark, New Jersey

IDT Corporation opened its newly renovated headquarters at 520 Broad Street in Newark, New Jersey.

The company provides retail and wholesale telecommunications and payment services to help immigrants and the under-banked communicate and share resources around the world. The lobby and three floors of the IDT building have been completely renovated to provide state-of-the art, open-floor-plan space for over 500 employees. Genie Energy, which was spun off from IDT in 2013, shares the space with IDT.

The IDT headquarters building is an 18-story 500,000 square foot office space featuring views of New York City and Newark's Washington Park. The Washington Park neighborhood in Newark is the epicenter of Newark's Renaissance 3.0, which includes a planned 25,000 square-foot accelerator for new technology ventures adjacent to the Rutgers Business School.

"This is a great day for IDT," said its Founder/Chairman, Howard Jonas. "President Ronald Reagan said that 'America is too great for small dreams.' IDT has been successful for a quarter century because we aim high, and then hire great people to execute. IDT has been a pioneer in the telecommunications industry for 25 years, and each of the companies that we have spun-off to our shareholders in recent years -- IDW Media, Genie Energy, and Straight Path Communications -- has created shareholder value with a bold, innovative approach with huge upside potential."

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