IDT Corporation (NYSE:IDT), a leading provider of international
telephony and payment services and the largest U.S. based carrier of
international long distance calls, said today that it has reached an
agreement with Empresa de Telecomunicaciones de Cuba S.A. (ETECSA),
Cuba’s national telecom provider, to exchange international long
distance voice traffic between the United States and Cuba directly.

The agreement was filed today with the Federal Communications Commission
(FCC) and is subject to FCC review for a period of ten days.

If the FCC allows the agreement to take effect as expected, IDT will be
the only U.S. carrier to have a direct interconnection into Cuba.

“We are very pleased to have reached this groundbreaking agreement with
ETECSA. This is an important first step in the liberalization of
telecommunications between the U.S. and Cuba,” said Bill Pereira, Chief
Executive Officer of IDT Telecom. “Ultimately, the agreement will help
make it easier and more affordable for our customers to call friends and
family in Cuba.”

The announcement follows on the heels of revisions to the Cuban Assets
Control Regulations announced by the U.S. government earlier this month.

About IDT Corporation:

IDT
Corporation (NYSE: IDT), through its IDT Telecom division, provides
retail telecommunications and payment services to help immigrants and
the under-banked conveniently and inexpensively communicate and share
resources around the world. IDT’s wholesale business is a leading global
carrier of international long distance calls. IDT also holds a majority
interest in Zedge (www.zedge.net),
developer of the popular, eponymous app for a mobile content discovery
and acquisition. For more information on IDT, visit www.idt.net.

Caution Concerning Forward Looking Statements:

All statements above that are not purely about historical facts,
including, but not limited to, those in which we use the words
“believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate, “target”
and similar expressions, are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. While
these forward-looking statements represent our current judgment of what
may happen in the future, actual results may differ materially from the
results expressed or implied by these statements due to numerous
important factors.Our filings with the SEC provide detailed
information on such statements and risks, and should be consulted along
with this release. To the extent permitted under applicable law, IDT
assumes no obligation to update any forward-looking statements.

Investor Relations
IDT Corporation
Bill Ulrey, 973-438-3838
invest@idt.net

The Board of Directors of IDT Corporation (NYSE:IDT) today declared a
special dividend of $0.64 per share of Class A and Class B common stock.

“IDT has declared a special dividend of $0.64 today in recognition of
our liquid balance sheet following the sale of our stake in Fabrix
Systems in October and anticipated capital requirements,” said IDT’s
Chief Executive Officer, Shmuel Jonas. “Today’s announcement follows a
$0.68 special dividend paid by the company in November. We are fortunate
to be well positioned to return proceeds from the Fabrix sale to our
stockholders even as we continue to invest in long term growth
initiatives in our core telecommunications and payments business.”

As of October 31, 2014, IDT reported $183.3 million in unrestricted
cash, cash equivalents and marketable securities and no long term debt.

The special dividend declared today will be paid on or about January 23,
2015 to stockholders of record as of the close of business on January
15, 2015. The ex-dividend date will be January 13, 2015.

The distribution will be treated as a return of capital for tax purposes.

About IDT Corporation:

IDT Corporation (NYSE:IDT), through its IDT Telecom division, provides
retail telecommunications and payment services to help immigrants and
the under-banked communicate and share resources around the world. IDT
Telecom’s wholesale business is a leading global carrier of
international long distance calls. IDT also holds a majority interest in
Zedge (www.zedge.net),
developer of the popular eponymous app for a mobile content discovery
and acquisition. For more information on IDT, visit www.idt.net.

Investor Relations
IDT Corporation
Bill Ulrey, 973-438-3838
invest@idt.net

The Board of Directors of IDT Corporation (NYSE: IDT) today declared a
quarterly dividend of $0.18 per share of Class A and Class B common
stock for the first quarter of its fiscal year 2015.

IDT raised its dividend from $0.17 per share paid during fiscal 2014.
The Company also paid a special dividend of $0.68 per share in November
after closing on the sale of its stake in Fabrix Systems.

The dividend declared today will be paid on or about December 19, 2014
to stockholders of record as of the close of business on December 15,
2014. The ex-dividend date will be December 11, 2014. The distribution
will be treated as a return of capital for tax purposes.

About IDT Corporation:

IDT Corporation (NYSE: IDT), through its IDT Telecom division, provides
retail telecommunications and payment services to help immigrants and
the under-banked conveniently and inexpensively communicate and share
resources around the world. IDT Telecom’s wholesale business is a
leading global carrier of international long distance calls. IDT also
holds a majority interest in Zedge (www.zedge.net),
developer of the popular eponymous app for a mobile content discovery
and acquisition. For more information on IDT, visit www.idt.net.

Investor Relations
IDT Corporation
Bill Ulrey, 973-438-3838
invest@idt.net

IDT Corporation (NYSE:IDT) will report its financial and operational
results for the first quarter of its fiscal year 2015 on Monday,
December 8, 2014 after market close.

The first quarter (the three months ended October 31, 2014) earnings
release will be filed on a Form 8-K and posted on the investor relations
page of the IDT website (www.idt.net/about/ir) at
approximately 4:30 PM ET. As in prior quarters, the earnings release
will not be issued over a wire service.

IDT will host an earnings conference call beginning at 5:30 PM ET with
management’s discussion of results, outlook and strategy followed by Q&A
with investors.

To listen to the call and participate in the Q&A, dial toll-free
1-877-300-8521 (from U.S.) or 1-412-317-6026 (international) and request
the IDT Corporation call.

An audio replay of the conference call will be available one hour after
the call concludes through December 22, 2014 by dialing 1-877-870-5176
(toll free from the U.S.) or 1-858-384-5517 (international) and
providing the conference code: 10055971. The replay will also be
available by streaming from the IDT website investor relations site: www.idt.net/ir
shortly after the call concludes.

About IDT Corporation:

IDT
Corporation (NYSE: IDT), through its IDT Telecom division, provides
retail telecommunications and payment services to help immigrants and
the under-banked conveniently and inexpensively communicate and share
resources around the world. IDT Telecom’s wholesale business is a
leading global carrier of international long distance calls. IDT also
holds a majority interest in Zedge (www.zedge.net),
developer of the popular eponymous app for a mobile content discovery
and acquisition. For more information on IDT, visit www.idt.net.

Investor Relations
IDT Corporation
Bill Ulrey, 973-438-3838
invest@idt.net

The Board of Directors of IDT Corporation (NYSE:IDT) today declared a
special dividend of $0.68 per share of Class A and Class B common stock.
The dividend will be paid on or about November 21, 2014 to stockholders
of record as of the close of business on November 14, 2014. The
ex-dividend date will be November 12, 2014. The distribution will be
treated as a return of capital for income tax purposes.

“After the sale of our majority stake in Fabrix Systems earlier this
month, IDT has declared a special dividend of sixty eight cents per
share,” said Shmuel Jonas, CEO of IDT. “As previously disclosed we are
evaluating several alternatives for deploying the balance of the
proceeds from the sale, and will have more to say as developments
warrant.”

ABOUT IDT CORPORATION

IDT
Corporation (NYSE:IDT), through its IDT Telecom division, provides
retail telecommunications and payment services to help immigrants and
the under-banked conveniently and inexpensively communicate and share
resources around the world. IDT Telecom’s wholesale business is a
leading global carrier of international long distance calls. IDT also
holds a majority interest in Zedge (www.zedge.net),
developer of the popular eponymous app for a mobile content discovery
and acquisition. For more information on IDT, visit www.idt.net.

Investor Relations
IDT Corporation
Bill Ulrey, 973-438-3838
invest@idt.net

IDT Corporation (NYSE:IDT), a global provider of telecommunications and
payment services, announced today that it has completed the sale of
Fabrix Systems (Fabrix) to Ericsson. The final sale price for 100% of
the shares in Fabrix was $95 million in cash, excluding transaction
costs and working-capital and other adjustments. IDT owned approximately
78% of Fabrix on a fully diluted basis.

IDT’s share of the sale price, net of transaction costs, is expected to
be approximately $73 million in cash. IDT and other shareholders have
placed $13.0 million of their proceeds in escrow to resolve any
post-closing claims that may arise. Any unclaimed escrow balance will be
released in two tranches over a period of 18 months.

IDT was advised on the deal by Stifel.

The description of the transaction contained herein is only a summary
and is qualified in its entirety by reference to the definitive
agreement relating to the transaction, a copy of which has been filed
with the SEC as an exhibit to a Current Report on Form 8-K.

Forward Looking Statements:

All statements above that are not purely about historical facts,
including, but not limited to, those in which we use the words
“believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate, “target”
and similar expressions, are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. While
these forward-looking statements represent our current judgment of what
may happen in the future, actual results may differ materially from the
results expressed or implied by these statements due to numerous
important factors.Our filings with the SEC provide detailed
information on such statements and risks, and should be consulted along
with this release. To the extent permitted under applicable law, IDT
assumes no obligation to update any forward-looking statements.

About IDT Corporation:

IDT
Corporation (NYSE:IDT), through its IDT Telecom division, provides
retail telecommunications and payment services to help immigrants and
the under-banked to conveniently and inexpensively communicate and share
resources around the world. IDT Telecom’s wholesale business is a
leading global carrier of international long distance voice calls. IDT
also holds a majority interest in Zedge (www.zedge.net),
a mobile content discovery and acquisition platform, with one of the
most popular Apps for Android and iOS. For more information, visit www.idt.net.

Investor Relations
IDT Corporation
Bill Ulrey, 973-438-3838
invest@idt.net

NEWARK, N.J., Sept. 24, 2014 — IDT Corporation (NYSE:IDT), a leading provider of voice and payment services to immigrant communities around the world, today announced that its Boss Revolution mobile app has surpassed the one million download milestone since launch eleven months ago.

To celebrate this exciting milestone, Boss Revolution is conducting a sweepstakes in which winners will receive a new smartphone — either a new Samsung Galaxy or iPhone 6. Every Boss Revolution app customer is automatically entered. More details about the promotion are available at www.bossrevolution.com.

The Boss Revolution mobile app has received extremely positive feedback, with users praising its affordability and convenience. In addition, the app was recognized as the Best Telecommunication Mobile App of 2013 by MoviForum.

“We are thrilled with the customer response to our mobile app. While geographic distance might separate our customers from their family and friends, Boss Revolution provides products and services that keep them connected,” said Ben Hirsch, IDT Telecom’s Chief Marketing Officer.

“Our international calling app makes it easy and inexpensive to reach out to loved ones from anywhere, for any reason. Our mobile top up service, recently introduced into our app, is a convenient way to recharge the prepaid mobile phones of family and friends in over 200 destinations. We will continue to add features and services that help bridge the distance between our customers and the special people in their lives,” Mr. Hirsch concluded.

With the app, customers simply tap an entry in their contact list to initiate a call. Anyone can get up to $2 in free international calls just for downloading the app to experience the ease of use and outstanding voice quality of Boss Revolution. The Boss Revolution mobile app is available free on iTunes and Google Play in both English and Spanish.

Customers can recharge their Boss Revolution account right in the app or on the Boss Revolution website, www.bossrevolution.com using a credit card or a prepaid Boss Revolution recharge card, or using cash at any of the thousands of participating Boss Revolution retailers around the United States.

The Boss Revolution app is available in the United States, Canada, UK, Australia, Spain, the Dominican Republic and Jamaica and will soon be available in many more countries around the world. Once installed, the app can be used anywhere in the country where it was purchased, and worldwide from any Wi-Fi or data connection.

Apple, the Apple logo and iTunes are trademarks of Apple Inc., registered in the US and other countries. iPhone is a trademark of Apple, Inc. App Store is a service mark of Apple Inc. Android and GOOGLE PLAY are trademarks of Google Inc.

About IDT Corporation:

IDT Corporation (NYSE:IDT) through its IDT Telecom division, provides telecommunications and payment services. IDT Telecom’s retail products allow people to communicate and share resources around the world while its carrier services business is a global leader in wholesale voice termination. For more information, visit www.idttelecom.com or www.idt.net.

Multimedia assets are available at www.hispanicizewire.com

CONTACT: Bill Ulrey
         Investor Relations
         IDT Corporation
         (973) 438-3034
         william.ulrey@idt.net

IDT Corporation (NYSE: IDT) will report its financial and operational
results for the fourth quarter and full fiscal year 2014 on Monday,
October 6, 2014 after market close.

The fourth quarter (the three months ended July 31, 2014) and fiscal
year 2014 earnings release will be filed on a Form 8-K and posted on the
investor relations page of the IDT website (www.idt.net/about/ir) at
approximately 4:30 PM ET. As in prior quarters, the earnings release
will not be issued over a wire service.

IDT’s conference call will begin at 5:30 PM ET with management’s
discussion of financial and operational results, business outlook and
strategy followed by Q&A with investors.

To listen to the call and participate in the Q&A, dial toll-free
1-877-300-8521 (from U.S.) or 1-412-317-6026 (international) and request
the IDT Corporation call.

An audio replay of the conference call will be available one hour after
the call concludes through October 13, 2014 by dialing 1-877-870-5176
(toll free from the U.S.) or 1-858-384-5517 (international) and
providing the conference code: 10050706. An audio replay will also be
available by streaming from the IDT website investor relations site: www.idt.net/ir
after the call concludes.

About IDT Corporation:

IDT
Corporation (NYSE: IDT), through its IDT Telecom division, provides
retail telecommunications and payment services to help immigrants and
the under-banked to conveniently and inexpensively communicate and share
resources around the world. IDT Telecom’s wholesale business is a
leading global carrier of international long distance voice calls. IDT
also holds majority interests in two early-stage technology companies
focused on high growth industries: Zedge (www.zedge.net),
a mobile content discovery and acquisition platform, includes one of the
most popular Apps for Android and iOS; Fabrix Systems (www.fabrixsystems.com),
a cloud based scale out storage and computing platform, provides a
scalable solution optimized for media and big data processing and
delivery. For more information, visit www.idt.net.

Investor Relations
IDT Corporation
Bill Ulrey, (973) 438-3838
invest@idt.net

The Board of Directors of IDT Corporation (NYSE:IDT) today declared a
quarterly dividend of $0.17 per share of Class A and Class B common
stock for the fourth quarter of its fiscal year 2014. The dividend will
be paid on or about October 3, 2014 to stockholders of record as of the
close of business on September 29, 2014. The ex-dividend date will be
September 25, 2014. The distribution will be treated as an ordinary
dividend for tax purposes.

About IDT Corporation:

IDT
Corporation (NYSE: IDT), through its IDT Telecom division, provides
retail telecommunications and payment services to help immigrants and
the under-banked to conveniently and inexpensively communicate and share
resources around the world. IDT Telecom’s wholesale business is a
leading global carrier of international long distance voice calls. IDT
also holds majority interests in two early-stage technology companies
focused on high growth industries: Zedge (www.zedge.net),
a mobile content discovery and acquisition platform, includes one of the
most popular Apps for Android and iOS; Fabrix Systems (www.fabrixsystems.com),
a cloud based scale out storage and computing platform, provides a
scalable solution optimized for media and big data processing and
delivery. For more information, visit www.idt.net.

IDT Corporation
Bill Ulrey, 973-438-3838
Investor Relations
invest@idt.net

IDT Corporation (NYSE:IDT), a global provider of telecommunications and
payment services, announced today that it has reached an agreement to
sell its interests in Fabrix Systems (Fabrix) to Ericsson. The sale
price for 100% of the shares in Fabrix Systems is $95 million, subject
to working-capital and other customary adjustments. IDT owns
approximately 78% of Fabrix on a fully diluted basis.

The sale is expected to close in October 2014, subject to customary
conditions. IDT acquired a majority stake in the Israel-based Fabrix in
2007, and the business has grown significantly since then.

Shmuel Jonas, IDT’s CEO, said, “This sale further sharpens our strategic
focus on our growing communications and payments businesses, and
represents another in a string of successful efforts to maximize
shareholder value by selling or spinning off non-core businesses we have
created or nurtured.”

IDT Corporation has spun off three public companies to its shareholders
over the past five years: CTM Media Holdings Inc. (OTC Pink Markets:
CTMMA, CTMMB); Genie Energy Ltd, (NYSE: GNE), and Straight Path
Communications Inc., (NYSE MKT: STRP).

Fabrix is a leading provider of cloud storage, computing and network
delivery for video applications. Fabrix has pioneered a cloud based
scale out storage and computing platform focused on providing a simple,
tightly integrated solution optimized for media storage, processing and
delivery applications such as Cloud DVR, and VOD expansion. Its
innovative approach takes advantage of the latest advances in clustered
storage; grid computing; virtualization and video processing
technologies enabling a wide range of applications.

Forward Looking Statements:

All statements above that are not purely about historical facts,
including, but not limited to, those in which we use the words
“believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate, “target”
and similar expressions, are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. While
these forward-looking statements represent our current judgment of what
may happen in the future, actual results may differ materially from the
results expressed or implied by these statements due to numerous
important factors.Our filings with the SEC provide detailed
information on such statements and risks, and should be consulted along
with this release. To the extent permitted under applicable law, IDT
assumes no obligation to update any forward-looking statements.

About IDT Corporation:

IDT
Corporation (NYSE: IDT), through its IDT Telecom division, provides
retail telecommunications and payment services to help immigrants and
the under-banked to conveniently and inexpensively communicate and share
resources around the world. IDT Telecom’s wholesale business is a
leading global carrier of international long distance voice calls. IDT
also holds majority interests in two early-stage technology companies
focused on high growth industries: Zedge (www.zedge.net),
a mobile content discovery and acquisition platform, includes one of the
most popular Apps for Android and iOS; Fabrix Systems (www.fabrixsystems.com),
a cloud based scale out storage and computing platform, provides a
scalable solution optimized for media and big data processing and
delivery. For more information, visit www.idt.net.

Investor Relations
IDT Corporation
Bill Ulrey, 973-438-3838
invest@idt.net