ADGI/GTCC building up a formidable network, international network. Why?:
Based on its strong position on the VoIP consumer market, Net2Phone has won the
confidence of a string of powerful strategic partners. Recently Microsoft
(NASDAQ:MSFT) announced it would bundle its Internet messenger with Net2Phone's
IP phone service. Thus, most of the software giant's 18 million users of its
instant message service, could be seamlessly served by Net2Phone network.
In addition, Net2Phone has attracted investments from both AT&T and America
Online (NYSE:AOL). The world's biggest telco has provided $725 million as part
of a $1.4 billion consortium investment for a 32% stake in Net2Phone, most of it
bought from Net2Phone parent IDT. Recently there were leaks in the press that
Net2Phone had plans to spin off its equipment division and form a joint venture
with Cisco Systems (NASDAQ:CSCO). The new company would present a mighty player
in the market for the integrated voice-and-data solutions over IP networks.
