NEWARK, N.J. — January 17, 2007— IDT Carmel, a subsidiary of IDT Capital, today announced the formation of a joint venture with First Financial Portfolio Management. IDT Carmel is a receivables portfolio management and collection company. IDT Capital is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C), a multinational corporation with operations in telecommunications and other industries.

“IDT is a nimble entrepreneurial and opportunity seeking company,” said Jim Courter, CEO of IDT.  “In the recent past, we saw opportunity and success in the entertainment industry and the Russian broadband and wireless markets.  We now see opportunity in the receivables portfolio management business.  We’ve created IDT Carmel to explore this industry.”

The joint venture has agreed to purchase 12 monthly forward flow credit card debt portfolios from a major commercial bank beginning this month.  The total investment will depend on the size of the portfolios provided by the selling bank.

Since its formation in mid 2005, IDT Carmel has purchased $296 million of face amount of receivables. IDT Carmel’s collection operations are currently collecting approximately $255 million in face amount of debt.

Yaacov Dior has been appointed CEO of IDT Carmel.  Prior to joining IDT Carmel, Mr. Dior was the CEO of Israel Credit Cards (Visa-Cal) Ltd., Chairman of Diners Club Ltd. in Israel and a member of the Board of Directors of Visa International.

“We are very excited about this transaction,” said Mr. Dior.  “We purchased our first debt portfolio in late 2005. Since that time, we’ve made other acquisitions and have now entered into a joint venture with a partner with extensive industry experience. This forward flow purchase represents the next step in Carmel’s growth.”

About IDT Corporation

IDT Corporation is an innovative and opportunity seeking multinational company with operations that span various industries.  Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. IDT’s Capital division incubates newer businesses, and the company’s Spectrum subsidiary holds its spectrum license assets.  IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services. Under the Net2Phone brand name, the company also provides a range of voice over Internet protocol (VoIP) communications services.  IDT Capital’s operations include an Energy Services Company (ESCO) in New York State, receivables portfolio management and collection, ethnic food distribution, brochure distribution, and other initiatives.  IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

 

NEWARK, N.J. – December 28, 2006– IDT Corporation (NYSE: IDT, IDT.C) announced today that it will host an Investor Day on Wednesday, January 17^th, 2007.   The event will take place at the Company’s headquarters in Newark, N.J., beginning 9:30 AM (EST) and ending approximately 1 PM, and will feature presentations by senior executives.

Due to space limitations, registration is required in advance of the event.  Analysts and Institutional Investors wishing to attend should submit requests to attend to:  investorday@corp.idt.net.

We are pleased to also offer audio access to the event via webcast. The webcast may be accessed by visiting the IDT Corporation website at www.idt.net, or by using the hyperlink: http://www.vcall.com/IC/CEPage.asp?ID=112437.  You will need Windows Media software to listen to the streaming feed. Please allow at least 15 minutes to download any necessary audio software prior to the call.  Slide presentations for the event will also be posted on the Presentations tab of the Investor Relations section of the IDT Corporation website.

We look forward to your participation in this event.

About IDT

IDT Corporation is an innovative and opportunity seeking multinational company with operations that span various industries.  Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. IDT’s Capital division incubates newer businesses, and the company’s Spectrum subsidiary holds its spectrum license assets.  IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services. Under the Net2Phone brand name, the company also provides a range of voice over Internet protocol (VoIP) communications services.  IDT Capital’s operations include an Energy Services Company (ESCO) in New York State, ethnic food distribution, brochure distribution and other initiatives.  IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

Newark, N.J., December 18, 2006 – IDT Capital today announced the formation of the IDT Internet Mobile Group.  Coinciding with its formation, the IDT Internet Mobile Group also announced the acquisition of Norway-based Zedge.net. IDT Capital is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C) an international telecom and technology company.

The new division will be responsible for the acquisition, development and incubation of Internet and mobile content.  According to market research firm “Research and Markets,” the worldwide mobile content market will grow from $16.7 billion in 2003 to $78 billion by 2007.

“The creation of the IDT Internet Mobile Group fits into IDT’s long-term growth strategy,” said Jim Courter, IDT’s CEO. “IDT built its success by providing consumers around the globe with communications services that meet their needs. We are now applying this experience and expertise to the Internet and mobile industries, the worldwide communications markets of the future.”

Zedge.net is a user-generated mobile content community with nearly 3.5 million members and nearly one half million pieces of user-generated mobile content.

“The purchase of Zedge.net allows the IDT Internet Mobile Group to enter the mobile content market with a running start,” says Morris Berger CEO of the IDT Internet Mobile Group.  “Our intention is to become a worldwide destination for content and community on the Internet and in mobile devices.”

Morris Berger has been named CEO of the IDT Internet Mobile Group. Mr. Berger recently served as the Chief Executive Officer of IDT Entertainment, Inc. from December 2003 until August 2006 and as a director of IDT Entertainment, Inc. from June 2004 until August 2006.                                                     

About IDT Corporation

IDT Corporation is an innovative and opportunity seeking multinational company with operations that span various industries.  Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. IDT’s Capital division incubates newer businesses, and the company’s Spectrum subsidiary holds its spectrum license assets. IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services. Under the Net2Phone brand name, the company also provides a range of voice over Internet protocol (VoIP) communications services. IDT Capital’s operations include an Energy Services Company (ESCO) in New York State, ethnic food distribution, brochure distribution and other initiatives.  IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

NEWARK, NJ — December 7, 2006 — IDT Corporation (NYSE: IDT, IDT.C) announces operating results for the first quarter of fiscal 2007, the three months ended October 31, 2006.

·         Revenues: $522.3 million, down 6.0% year-over-year.

·         Net income: $213.9 million, versus a net loss of $27.9 million one year ago.

·         Net income reflects a one-time gain of $240.0 million relating to the sales of IDT Entertainment and Toucan.

·         Diluted earnings per share: $2.43, versus a loss per share of ($0.28) one year ago.

·         Cash, cash equivalents and marketable securities totaled $807.9 million as of the end of the first quarter.

The following table summarizes the operating performance of IDT’s continuing businesses:

 

 

Columns in table may not add due to rounding.

See attached document for entire release

Newark, N.J. November 29, 2006 – IDT’s TúYo Mobile announced the launch of a new holiday season promotion. Starting Friday, November 24, 2006 and ending Sunday, January 31, 2007, TúYo Mobile will add five dollars of free talk time to new customer account balances once each week with the purchase and use of a new phone. Customers can talk up to 490 minutes for free over the ten-week holiday program. Additionally, customers can choose to apply their free five-dollar credit towards downloading content. TúYo Mobile is IDT Telecom’s prepaid wireless service designed to meet the mobile calling needs of U.S. Hispanics. IDT Telecom is a subsidiary of IDT Corporation (NYSE:IDT, IDT.C) an international telecommunications and technology company.

“Reaching out to family and friends can become very expensive as we tend to make more calls during the holiday season,” said Louis Ferraro, General Manager of TúYo Mobile. “That’s why now is the best time to become a TúYo Mobile customer to take advantage of the great savings.”

New customers will receive the five-dollar credit once they exceed five dollars of usage for each week during the ten-week promotional period. A free instant text message notification will be delivered to participating handsets as soon as each weekly bonus is applied.

TúYo Mobile provides many features and services that are important to Hispanic consumers, including direct international dialing, low rates to Latin America, state-of-the-art handsets, a fully bilingual customer experience, and country specific alerts featuring breaking regional news, Hispanic celebrity gossip, sports, politics and horoscopes. Also, TúYo Mobile features a large selection of ring tones that span many genres including Reggaetón, Bachata, Salsa, Corrido, Cumbia, Mariachi, Merengue, Tejano, Grupero, Hip Hop and Pop/Rock Alternative. Additionally, TúYo Mobile includes a unique calling card feature allowing international calling from any phone using a TúYo Mobile account balance.

TúYo Mobile recently launched services in Los Angeles and is now available in most major Hispanic markets in the US. TúYo Mobile products are currently available at hundreds of locations throughout the U.S. Customers can also sign up for TúYo Mobile at www.tuyo.com or through Customer Care at 877-IDT-TUYO (877-438-8896).

Recently, TúYo Mobile signed a distribution agreement with SAM’S CLUB, a subsidiary of Wal-Mart Corp. TúYo Mobile phones are now available in select SAM’S CLUB stores in Florida, Illinois, New Jersey, Nevada, and Texas.  Customers who purchase phones at SAM’S CLUB during the promotional period must call TúYo Mobile Customer Care to register for the program.

About TúYo Mobile:

TúYo Mobile is a prepaid cellular service that does not require a contract or credit check and has no hidden charges. TúYo Mobile is geared towards the U.S. Latino market; offering its customers a completely bilingual experience, direct international dialing, low rates to Latin America and culturally relevant content. The TúYo Mobile brand name comes from a combination of the Spanish words “tú” (you) and “yo” (I or me). Together they form the word “TúYo” (yours). The brand’s marketing campaigns include TV, radio, print, outdoor advertising and community events focused on Spanish-speaking consumers. TúYo Mobile offers Latino consumers high-quality GSM handsets and a suite of international voice and data features at affordable prices. TúYo Mobile is currently sold at authorized stores in Chicago, Texas, New York, New Jersey, Connecticut, Washington, DC, Pennsylvania, Maryland, Florida, California and Nevada.

About IDT:

IDT Corporation is an innovative and opportunistic multinational company with operations that span various industries.  Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. IDT’s Capital division incubates newer businesses, and the company’s Spectrum subsidiary holds its spectrum license assets. IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services. Under the Net2Phone brand name, the company also provides a range of voice over Internet protocol (VoIP) communications services. IDT Capital’s operations include an Energy Services Company (ESCO) in New York State, ethnic food distribution, brochure distribution and other initiatives. IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

NEWARK, N.J. – November 29, 2006 – Please join us for the IDT Corporation (NYSE: IDT, IDT.C) first quarter fiscal 2007 conference call when we report results for the three-month period ended October 31, 2006, along with an update on our businesses. Our conference call is scheduled for Thursday, December 7th at 4:30 PM (Eastern). An earnings release will be available prior to the call.

We are pleased to offer two ways to participate in the conference call – via teleconference or webcast. The webcast may be accessed by visiting the IDT Corporation website at www.idt.net, or by using the hyperlink: http://www.vcall.com/IC/CEPage.asp?ID=111990.

You will need Windows Media software to listen to the streaming feed of the conference call. Please allow at least 15 minutes to download any necessary audio software prior to the call.

If you choose to participate via telephone, the dial-in number for domestic callers is

(866) 406-5369, and for international callers (973) 582-2847. Conference ID # 8173027 will speed your connection to the call.  Please dial in approximately 10 minutes prior to the start of the call.

An archived copy of the call will be available on the Investor Relations page of the IDT website, at: https://www.idt.net/about/ir/overview.asp; or via a replay, for domestic callers at (877) 519-4471, and for international callers at (973) 341-3080, both using Conference ID # 8173027. The teleconference replay will be available for one week after the call.

We look forward to your participation.

IDT Corporation is an innovative and opportunistic multinational company with operations that span various industries.  Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. IDT’s Capital division incubates newer businesses, and the company’s Spectrum subsidiary holds its spectrum license assets.

IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services. Under the Net2Phone brand name, the company also provides a range of voice over Internet protocol (VoIP) communications services. IDT Capital’s operations include an Energy Services Company (ESCO) in New York State, ethnic food distribution, brochure distribution and other initiatives.  IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

Newark, N.J. October 17, 2006 – IDT Telecom today announced the launch of TúYo Mobile in Los Angeles. TúYo Mobile phones and recharge cards are now available at hundreds of retail outlets throughout Los Angeles and Orange County. Distributors include Vallarta Supermarkets, Downtown PCS and ACE Cash Express, as well as other independent wireless dealers. TúYo Mobile is IDT Telecom’s prepaid wireless service designed for the needs and lifestyles of U.S. Hispanics. IDT Telecom is a subsidiary of IDT Corporation (NYSE:IDT, IDT.C) an international telecom and technology company.

“We believe the Hispanic community in Los Angeles can greatly benefit from TúYo Mobile,” said Lou Ferraro, General Manager of TúYo Mobile. “Latinos can save money by taking advantage of TúYo Mobile’s low international rates to Latin America, as well as benefit from our value-added content services featuring the latest news from your Latin-American country of choice.”

The TúYo Mobile launch will be supported by a marketing campaign that will include several Spanish-language print, radio and TV media outlets in Los Angeles. According to a 2004 US Census Bureau survey, Los Angeles had the largest Hispanic population in the US. Over 4.6 million Hispanics lived in Los Angeles County. In September, TúYo Mobile was a sponsor of Fiestas Patrias, an annual 3-day event held in Los Angeles that celebrates Mexico’s independence. The event attracted over 100,000 people.

Additionally, in celebration of Hispanic Heritage Month, TúYo Mobile has reduced international rates to Latin America. Through October 31, 2006, international rates from the U.S to Mexico are free. International rates to Peru and Brazil are just 1 cent per minute, and Venezuela, Chile, Colombia, Argentina and Honduras are 1.5 cents per minute. Domestic airtime charges from 10 cents a minute apply to all calls. Calls must be made from a TúYo Mobile phone. A connection fee of 10 cents a call also applies to the Plan10 rate plan. Similar low rates are available to other Latin American destinations. Plus, customers can receive FREE news alerts from their country of choice directly to their TúYo Mobile phone during Hispanic Heritage month.

TúYo Mobile provides many features and services that are important to Hispanic consumers, including direct international dialing, low rates to Latin America, state-of-the-art handsets, a fully bilingual customer experience, and country specific alerts featuring breaking regional news, Hispanic celebrity gossip, sports, politics and horoscopes. Additionally, TúYo Mobile includes a unique calling card feature allowing international calling from any phone using a TúYo Mobile account balance.

TúYo Mobile products are currently available at thousands of locations throughout the U.S. Customers can also sign up for TúYo Mobile at www.tuyo.com.

About TúYo Mobile:

TúYo Mobile is a prepaid cellular service that does not require a contract or a credit check and has no hidden charges. TúYo Mobile is geared towards the U.S. Latino market; offering its customers a completely bilingual experience, direct international dialing, low rates to Latin America and culturally relevant content.   The TúYo Mobile brand name comes from a combination of the Spanish words “tú” (you) and “yo” (I or me). Together they form the word “TúYo” (yours). The brand’s marketing campaigns include TV, radio, print, outdoor advertising and community events focused on Spanish-speaking consumers.  TúYo Mobile offers Latino consumers high-quality GSM handsets and a suite of international voice and data features at affordable prices. TúYo Mobile is sold at authorized stores in Chicago, Texas, New York, New Jersey, Connecticut, Washington, DC, Pennsylvania, Maryland, Florida, California and Nevada.

About IDT:

IDT Corporation is an innovative and opportunistic multinational holding company with operations that span various industries.  Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. IDT’s Capital division incubates newer businesses, and the company’s Spectrum subsidiary holds its spectrum license assets.   IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services. Through Net2Phone, the company also provides a range of voice over Internet protocol (VoIP) communications services.   IDT Capital’s operations include an Energy Services Company (ESCO) in New York State, ethnic food distribution, brochure distribution and other initiatives.  IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

 NEWARK, N.J.- October 17, 2006 –IDT Corporation (NYSE: IDT, IDT.C) filed its form 10-K with the Securities and Exchange Commission yesterday, October 16, 2006.

Form 10-K includes an annual report of IDT’s businesses, audited financial statements for the 2006 fiscal year, a discussion by management regarding financial results for the 2006 fiscal year, as well as other items.

Copies of IDT’s form 10-K can be requested through the Investor Relations section of our website: www.idt.net/ir, under the Request Info tab. IDT Corporation will be distributing the Form 10-K to its stockholders free of charge in November 2006.

About IDT

IDT Corporation is an innovative and opportunistic multinational holding company with operations that span various industries. Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. IDT’s Capital division incubates newer businesses, and the company’s Spectrum subsidiary holds its spectrum license assets. IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services. Through Net2Phone, the company also provides a range of voice over Internet protocol (VoIP) communications services. IDT Capital’s operations include an Energy Services Company (ESCO) in New York State, ethnic food distribution, brochure distribution and other initiatives. IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

 

Newark, N.J., October 12, 2006 – IDT Corporation (NYSE: IDT, IDT.C) today announced that it has closed its previously announced sale of IDT’s U.K.-based Toucan consumer phone services business to Pipex Communications plc (AIM: PXC.L) for £20m in cash and £4m in Pipex stock.

About IDT

IDT Corporation is an innovative and opportunistic multinational holding company with operations that span various industries. Through its Telecom subsidiary, IDT provides telecommunications services worldwide to the retail and wholesale markets. IDT’s Capital division incubates newer businesses, and the company’s Spectrum subsidiary holds its spectrum license assets.   IDT Telecom provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards, consumer local, long distance, and wireless phone services, and wholesale carrier services. Through Net2Phone, the company also provides a range of voice over Internet protocol (VoIP) communications services. IDT Capital’s operations include an Energy Services Company (ESCO) in New York State, ethnic food distribution, brochure distribution and other initiatives. IDT Corporation’s Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

About Pipex

Pipex is a multiple award-winning provider of integrated telecommunications and Internet services. With a broad customer base including small/home-offices and blue chip companies, Pipex provides a comprehensive range of consumer, business and corporate voice, broadband, security domain name registration and shared and dedicated hosting solutions.   Pipex’s focus is simple: enabling businesses and consumers to achieve their aspirations through proven communications services and emerging technologies. This is achieved through an extensive portfolio of high-speed Internet connectivity, managed services and hosting, security and voice products – combining exceptional performance, innovation and a commitment to customer service. 

Owning one of the UK’s most extensive communication networks, Pipex boasts more than 100 Points of Presence (PoPs) nationwide. In addition, state-of-the-art data centres, which are manned and monitored 24×7, ensure the security of Pipex’s customers’ business critical applications. Its commitment to investing in its technology infrastructure ensures that Pipex continues to deliver the most scalable, resilient, secure and reliable services.

 

NEWARK, NJ — October 10, 2006 — IDT Corporation (NYSE: IDT, IDT.C) announces operating results for the fourth quarter, the three months ended July 31, 2006, and fiscal 2006.

·         Q4 Revenues: $555.5 million, down 2.1% year over year.

·         Q4 Net loss: $86.5 million, versus $0.0 million one year ago.

·         Q4 Diluted net loss per share: ($0.91), versus ($0.00) one year ago.

·         Cash, cash equivalents and marketable securities totaled $514.8 million as of year-end, excluding $60.7 million held in discontinued operations.

The following table summarizes the operating performance of IDT’s business segments excluding discontinued operations:

	Revenues						Income (Loss) from Continuing Operations
$ millions	Fiscal ’06	Fiscal ’05	Q4 ’06	Q3 ’06	Q4 ’05		Fiscal ’06	Fiscal ’05	Q4 ’06	Q3 ’06	Q4 ’05
IDT Retail Telecom	$1,434.0	$1,553.9	$351.2	$355.7	$384.6		($31.1)	$53.0	$4.0	($41.3)	$10.8
IDT Wholesale Telecom	526.5	544.7	131.1	124.3	145.2		(17.5)	(16.1)	(3.6)	(5.4)	(4.4)
IDT Telecom Total	1,960.5	2,098.6	482.3	480.0	529.9		(48.6)	36.9	0.4	(46.7)	6.4
Voice over IP	94.2	73.6	23.5	24.0	20.3		(41.1)	(53.5)	(9.4)	(14.2)	(25.4)
IDT Capital	168.1	40.2	49.6	42.9	15.0		(32.7)	(18.2)	(9.2)	(8.6)	(6.1)
IDT Solutions	3.6	9.6	0.2	0.3	2.2		(35.1)	(38.4)	(6.8)	(3.7)	(5.4)
Corporate	–	–	–	–	–		(63.3)	(66.7)	(19.3)	(12.9)	(26.5)
Total IDT	$2,226.4	$2,222.0	$555.5	$547.2	$567.4		($220.8)	($139.8)	($44.3)	($86.0)	($57.0)

Columns in table may not add due to rounding.

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