Newark, N.J. March 27, 2003 – IDT Media today announced the formation of an Owned and Operated Stations Group. Veteran broadcast manager Jim Weiskopf has been named President of the newly formed division. IDT Media is a division of IDT Corporation (NYSE: IDT, IDT.C), a multinational carrier, technology and telephone company.

“Our plan for the Owned and Operated Stations Group is moving from vision to reality. We’re now taking the practical steps necessary to build out a significant broadcast base,” said Jim Courter, IDT’s CEO. “Going forward, IDT’s radio group will focus on acquiring solid major market broadcast stations that can be improved with quality management.”

IDT Media recently acquired WMET 1150AM in Washington, D.C. IDT Media’s long-term strategy is to acquire radio stations in major U.S. markets in order to establish a significant and influential broadcast organization with a national reach.

The Owned and Operated Stations Group will complement Talk America, IDT Media’s syndicated radio network. The two divisions will have a natural operational synergy. The original programming created by stations of the Owned and Operated Group can be syndicated on the Talk America network, while some programming from Talk America could be cleared on O&O stations on a program-by-program, and market-by-market basis.

“As we build out our Owned and Operated Stations Group, our aim is to make strategic acquisitions that not only enlarge our broadcast reach but make business sense as well,” said Mitch Burg, IDT Media’s CEO. “With his extensive broadcast management experience Jim Weiskopf will play an important role towards the realization of those goals.”

Jim Weiskopf’s career in radio spans 19 years and includes successful positions in sales and management. Most recently, Mr. Weiskopf was the General Manager of Clear Channel’s three Washington AM stations – Sports Talk 980/WTEM, Talker WTNT AM570 and Money Talk WRC AM 1260. Mr. Weiskopf’s appointment as President of the IDT Media Owned and Operated Stations Group will be effective as of April 7, 2003.

IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its retail and wholesale customers worldwide. IDT Telecom, by means of its own national telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance telephony and prepaid calling cards. IDT and Liberty Media Corporation own 95% and 5 % of IDT Telecom, respectively. IDT acquired the assets of Winstar Communications in December 2001.

IDT Corporation common shares trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C. As of March 13, 2003, there were about 54.4 million shares of Class B common stock (IDT) outstanding, and about 25.1 million shares of common stock (IDT.C) Of these, approximately 4.0 million shares of Class B common stock and approximately 5.4 million shares of common stock were held by IDT Corporation.

In this press release, all statements 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, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. These factors include, but are not limited to, the following: potential declines in prices for our products and services; our ability to maintain and grow our retail telecommunications services, particularly our prepaid calling card business; availability of termination capacity; financial stability of our customers; our ability to maintain carrier agreements with foreign carriers; effectiveness of our marketing and distribution efforts; increased competition, particularly from regional bell operating companies; our ability to manage our growth; competitiveness of our Winstar subsidiary; impact of government regulation; our ability to obtain telecommunications products or services required for our products and services; and general economic conditions, particularly in the telecommunications markets. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

Newark, NJ, March 13, 2003 – Talk America Radio Networks today announced that it is launching “The Best of Talk America Weekend.” Listeners will now be able to hear Talk America’s most popular programs on Saturdays and Sundays. Talk America is part of IDT Media, a subsidiary of IDT Corporation (NYSE: IDT.B, IDT.C).

“The Best of Talk America Weekend” will broadcast from noon until midnight and include:
· “The Shmuley Boteach Show,” hosted by the award-winning Shmuley Boteach, offers listeners powerful and thought-provoking talk radio covering a wide range of topics. Shmuley has interviewed such guests as Shimon Peres, Bob Scheiffer, Mikhail Gorbachev and Robert Weiner
· Listeners to the “Ask Heloise” show can get advice on important consumer issues, home and garden maintenance, pets, automobiles, savvy shopping, entertaining, saving money and traveling smarter
· “The Dr. Gabe Mirkin Show” is a fast-paced, informative and entertaining radio show focusing on the latest medical breakthroughs
· The “Lowell Ponte” show covers a wide range of topics including space exploration, nutrition, and foreign affairs. Lowell Ponte has been a proven success in generating ratings on the weekend
· The award-winning, nationally syndicated “Barry Farber Show,” examines topics of importance from gangs to politics
· The award-winning “Bruce Williams Show” is one of the nation’s most listened to late night radio programs

“Producing original weekend talk programming is very expensive for radio stations and probably out of reach for stations in smaller markets. Many stations don’t have the resources to do it at all,” said Jim Courter, IDT’s CEO. “Offering ‘The Best of Talk America Weekend’ provides quality programming to our affiliates and at the same time, saves them money.”

“Since Talk America launched a new weekday line up in the Fall of last year, we’ve seen our ad sales almost double, our audience increased from 3 million to more that 5 million average weekly listeners and we’ve increased our station affiliations,” said Trang Nguyen, COO of Talk America Radio Networks. “Given our weekday success, it seemed only natural to offer our programs on the weekends. We plan to expand our weekend programming even further in the coming months.”

Talk America personalities can be heard by more than 5 million listeners a week on more than 700 affiliate radio stations nationwide and on the Talk America website, www.talkamerica.com. Talk America Radio Networks was acquired by IDT Media in November of 2001.

IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its retail and wholesale customers worldwide. IDT Telecom, by means of its own national telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance telephony and prepaid calling cards. IDT and Liberty Media Corporation own 95% and 5 % of IDT Telecom, respectively. IDT acquired the assets of Winstar Communications in December 2001.

IDT Corporation common shares trade on the New York Stock Exchange under the ticker symbols IDT.B and IDT. As of December 12, 2002, there were about 54.1 million shares of Class B common stock (IDT.B) outstanding, and about 25.0 million shares of common stock (IDT.C). Of these, approximately 4.0 million shares of Class B common stock and approximately 5.4 million shares of common stock were held by IDT Corporation.

On January 9, 2003, IDT announced that it is changing its New York Stock Exchange ticker symbols. Effective February 26, IDT’s common stock began trading under the symbol IDT.C. Effective March 19, IDT’s Class B common stock will trade under the symbol IDT.

In this press release, all statements 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, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. These factors include, but are not limited to, the following: potential declines in prices for our products and services; our ability to maintain and grow our retail telecommunications services, particularly our prepaid calling card business; availability of termination capacity; financial stability of our customers; our ability to maintain carrier agreements with foreign carriers; effectiveness of our marketing and distribution efforts; increased competition, particularly from regional bell operating companies; our ability to manage our growth; competitiveness of our Winstar subsidiary; impact of government regulation; our ability to obtain telecommunications products or services required for our products and services; and general economic conditions, particularly in the telecommunications markets. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

In order to enable a straightforward comparison between the second quarter of Fiscal Year 2003 and the second quarter of Fiscal Year 2002, and to provide a better understanding of IDT’s core operating results for the second quarter of Fiscal Year 2003, this press release presents, as additional information, some financial figures excluding the IDT Solutions division (formerly Winstar) and Net2Phone. During the second quarter of Fiscal Year 2002, the Winstar assets were acquired, and contributed to revenues for only part of the quarter, and Net2Phone was not consolidated, as IDT did not have voting control of Net2Phone at that time.

NEWARK, N.J. — March 11, 2003 —IDT Corporation (NYSE: IDT.B, IDT.C) today reported record revenues of $450.8 million for the second quarter of its Fiscal Year 2003, the three months ended January 31, 2003. Revenues increased 20.5% over the second quarter of Fiscal Year 2002, and 1.7% over the first quarter of Fiscal Year 2003.

The net loss for the second quarter of Fiscal Year 2003 was $12.5 million, or $0.16 per share. This compares with a net loss of $17.2 million, or $0.23 per share, in Fiscal Year 2002’s second quarter, and a net loss of $4.1 million, or $0.05 per share, in Fiscal Year 2003’s first quarter. As of the close of the second quarter of Fiscal Year 2003, consolidated cash, cash equivalents and marketable securities stood at $1.1 billion, which includes $111.6 million held by Net2Phone.
Please click here for financial tables. Please click on attachment for entire release.

Conference Call Scheduled for 4:30 pm (EST)

NEWARK, N.J. – March 3, 2003 – Please join us for the IDT Corp. (NYSE: IDT.B and IDT.C) second quarter conference call when we report results for the period ended January 31, 2003, along with an update of our current financial status.

Our conference call is scheduled for Tuesday, March 11, at 4:30 PM (EST). 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. You may access the webcast of our call by visiting the IDT Corp. website (www.idt.net). A direct link to the call will be found on the IDT Corporation home page, and at the following hyperlink: Click here for the webcast.

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 is 1-800-775-2298 for domestic callers, and 1-706-679-3357 for international callers.

Should you miss the call, you may access an archived copy at the IDT website (in the Investor Relations section’s Presentations), or via a replay at 1-800-642-1687 — passcode #8912788 for domestic callers, or 1-706-645-9291 — passcode #8912788 for international callers. The teleconference replay will be available for one week after the conference call.

We look forward to your participation.

NEWARK, N.J., February 10, 2003 — IDT Corporation (NYSE: IDT.B, IDT), a multinational carrier, telephone and technology company, announced today that it will offer significant cost savings on voice and data telecommunications services to business customers switching to IDT from the other major US domestic carriers. IDT, through its IDT Solutions division, is issuing a guaranteed 10% across the board cut on monthly telecom bills for businesses that switch their service from AT&T, Sprint, WorldCom, Verizon, SBC, QWEST or Bell South, based on their current rates.

“Many will say that we’re firing the first shot in a new telecommunications price war,” said Howard Jonas, IDT Chairman. “But, I’d rather think of it as the beginning of a telecom revolution, where victory will belong to the leaner, more agile and technologically innovative companies like IDT.”

As part of the 10 % cut, IDT will offer eligible businesses low rates on its technologically advanced local, long distance, and high speed Internet services. IDT’s highly competitive international calling rates will provide additional cost savings.

“As I’ve pointed out in the past, the other major US telecommunications companies are carrying a combined debt load in the hundreds of billions. We believe this has helped inflate the cost of voice and data services,” said Jim Courter, IDT’s CEO. “IDT has proved that it can provide its customers with all their communications needs at extremely competitive prices.”

“Business customers don’t have to have a million dollar a month telecommunications bill to be able to get significant cost savings,” said Brian Finkelstein, IDT Solutions’ CEO. “Now with IDT, a firm spending $2,500 a month on voice and data services will be able to take advantage of discounts of the type normally reserved for the largest accounts at the other major US carriers.”

IDT Solutions’ use of Winstar’s superior fixed-wireless network delivers reliable local and long distance service, and provides redundancy for businesses seeking back-up services.

Executives interested in cutting their company’s telecommunications overhead and improving their bottom line can call an IDT account executive today at 1-800-CALL-IDT to find our more about IDT Solutions’ business services and the 10% savings guarantee. Services are provided by Winstar and IDT and are subject to service availability.

IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its retail and wholesale customers worldwide. IDT Telecom, by means of its own national telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance telephony and prepaid calling cards. IDT and Liberty Media Corporation own 95% and 5 % of IDT Telecom, respectively. IDT Media is the IDT subsidiary principally responsible for the Company’s initiatives in media, new video technologies and print media.

On January 9, 2003, IDT announced that it is changing its New York Stock Exchange ticker symbols. Effective February 26, IDT’s common stock will trade under the symbol IDT.C. Effective March 19, IDT’s Class B common stock will trade under the symbol IDT.

Through its various subsidiaries, IDT has interests in several telecom, Internet-related and media companies. IDT acquired the assets of Winstar Communications in December 2001. IDT Corporation common shares trade on the New York Stock Exchange under the ticker symbols IDT.B and IDT. As of December 12, 2002, there were about 54.1 million shares of Class B common stock (IDT.B) outstanding, and about 25.0 million shares of common stock (IDT). Of these, approximately 4.0 million shares of Class B common stock and approximately 5.4 million shares of common stock were held by IDT Corporation.

In this press release, all statements 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, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. These factors include, but are not limited to, the following: potential declines in prices for our products and services; our ability to maintain and grow our retail telecommunications services, particularly our prepaid calling card business; availability of termination capacity; financial stability of our customers; our ability to maintain carrier agreements with foreign carriers; effectiveness of our marketing and distribution efforts; increased competition, particularly from regional bell operating companies; our ability to manage our growth; competitiveness of our Winstar subsidiary; impact of government regulation; our ability to obtain telecommunications products or services required for our products and services; and general economic conditions, particularly in the telecommunications markets. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

Newark, NJ and London UK, January 23, 2003 – IDT Europe announced today that it has completed its acquisition of the Global One pre-paid phone card business from France Telecom. The deal increases IDT Europe’s regional presence by up to 40% immediately, positions IDT Europe to become Europe’s leading phone card operator and provides a solid platform for continued expansion in territories across the Continent. IDT Europe is a division of IDT Corporation (NYSE: IDT.B, IDT), a multinational carrier, telephone and technology company.

IDT Europe is the leading pre-paid phone card provider in The UK, The Netherlands and Spain. The company has expanded throughout Europe this year, most recently opening retail operations in France, Italy and Portugal. Through the Global One acquisition, it is adding Norway, Denmark and Switzerland to its footprint, and augmenting its existing operation in Sweden.

IDT Europe is already planning to accelerate its expansion during 2003 by moving into Greece and throughout Eastern Europe. This European strategy mirrors IDT Corporation’s leadership in the US phone card market – built through the same blend of organic growth and strategic acquisitions.

“This is a landmark deal for IDT and IDT Europe and confirmation that we are quickly becoming the continent’s leading phone card provider,” said Jim Courter, IDT Corporation’s CEO and Vice Chairman. “IDT’s successful expansion throughout Europe is critical to the company’s mission to make high quality and affordable telecommunications services available to people all around the globe.”

IDT Europe plans to co-brand the Global One products for an initial six-month period, then migrate the entire Global One phone card range into its existing product portfolio of more than 60 individual phone cards.

“The combination of IDT Europe and Global One’s operations and plans for European expansion are an ideal fit, offering tremendous synergy,” said Marc Bodner, Managing Director of IDT Europe. “The quality of our products and commitment of our team have enabled us to grow considerably despite the downturn in the telecoms sector. IDT Europe has emerged as a significant force in the European telephony industry and integrating the Global One operations into IDT Europe will be our key focus for the next quarter.”

IDT Europe, a division of IDT Telecom, concentrates its expertise in two main product categories: retail calling cards (through IDT Phonecards Ireland Limited) and wholesale carrier services. Formed in 1998, IDT Europe has already established itself as one of the leading pre-paid card operators in Europe, offering more than 60 different phone cards in over 100,000 retail outlets. IDT Europe’s core retail and wholesale strengths have enabled the company to maintain a broad customer base while significantly enhancing gross margins and profitability.

By establishing long-term agreements with the major global carriers to interconnect IDT’s facilities with those of their foreign partners in Europe, Latin America, Africa and Asia, IDT Europe terminates traffic to over 180 countries.

IDT Europe is headquartered in London and has offices and/or Points of Presence (POPs) in Ireland, the Netherlands, Belgium, France, Germany, Italy, Spain, and Scandinavia. For more information please go to www.idteurope.com

IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its retail and wholesale customers worldwide. IDT Telecom, by means of its own national telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance telephony and prepaid calling cards. IDT and Liberty Media Corporation own 95% and 5 % of IDT Telecom, respectively. IDT Media is the IDT subsidiary principally responsible for the Company’s initiatives in media, new video technologies and print media.

On January 9, 2003, IDT announced that it is changing its New York Stock Exchange ticker symbols. Effective February 26, IDT’s common stock will trade under the symbol IDT.C. Effective March 19, IDT’s Class B common stock will trade under the symbol IDT.

Through its various subsidiaries, IDT has interests in several telecom, Internet-related and media companies. IDT acquired the assets of Winstar Communications in December 2001. IDT Corporation common shares trade on the New York Stock Exchange under the ticker symbols IDT.B and IDT. As of December 12, 2002, there were about 54.1 million shares of Class B common stock (IDT.B) outstanding, and about 25.0 million shares of common stock (IDT). Of these, approximately 4.0 million shares of Class B common stock and approximately 5.4 million shares of common stock were held by IDT Corporation.

In this press release, all statements 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, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. These factors include, but are not limited to, the following: potential declines in prices for our products and services; our ability to maintain and grow our retail telecommunications services, particularly our prepaid calling card business; availability of termination capacity; financial stability of our customers; our ability to maintain carrier agreements with foreign carriers; effectiveness of our marketing and distribution efforts; increased competition, particularly from regional bell operating companies; our ability to manage our growth; competitiveness of our Winstar subsidiary; impact of government regulation; our ability to obtain telecommunications products or services required for our products and services; and general economic conditions, particularly in the telecommunications markets. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

NEWARK, N.J., January 22, 2003 — IDT Corporation (NYSE: IDT.B, IDT), a multinational carrier, telephone and technology company, announced today a one-year guarantee of its 5-cents-a-minute rate on US domestic long distance telephone service. This means the company will not raise the 5-cent state-to-state rate on US domestic long distance throughout 2003.

“Most of the major US domestic long distance providers have announced rate increases. We do not believe in monopolistic style rate increases. IDT will not follow the herd. I believe that real competition is good for the consumer, good for the American economy and good for IDT.” said Howard Jonas, IDT Chairman. “We believe providing more affordable telecommunications to our customers and growing our market share is in IDT’s and the consumer’s best interest, rather than simply grabbing extra revenue in the short term.”

In addition to the one-year price guarantee, the company will also continue to offer customers IDT’s highly competitive international calling rates.

“At IDT, we are not really contrarian, but we do march to the beat of our own balance sheet, which is virtually debt free. The other major US telecommunications companies are carrying a combined debt load in the hundreds of billions. So when they are forced to raise their long distance rates, we do not have to follow,” said Jim Courter, IDT’s CEO. “With IDT, customers just pay for their phone service, and not the extra needed to cover a company’s debt service.”

“IDT Telecom is well positioned for growth and prosperity. We continue to look for new ways to improve our cost structure so we can continue to provide our customers with the most economical and highest quality services that they have to come to expect from IDT,” said Motti Lichtenstein, IDT Telecom’s CEO.

In October 2002, IDT’s consumer long distance service was given the “thumbs up,” the highest ranking given by The Wall Street Journal, in its independent survey of cellular and long distance telephone companies. In the survey of long distance carriers, which reviewed all the major carriers, including MCI, Sprint, AT&T and Verizon, IDT received the best overall ratings.

And on November 22, 2002, IDT announced that it had moved up to number 44 in the Business Week Info Tech 100, a ranking of the top technology companies in the world based on their performance over the past 12 months.

On January 9, 2003, IDT announced that it is changing its New York Stock Exchange ticker symbols. Effective February 26, IDT’s common stock will trade under the symbol IDT.C. Effective March 19, IDT’s Class B common stock will trade under the symbol IDT.

IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its retail and wholesale customers worldwide. IDT Telecom, by means of its own national telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance telephony and prepaid calling cards. IDT and Liberty Media Corporation own 95% and 5 % of IDT Telecom, respectively. IDT Media is the IDT subsidiary principally responsible for the Company’s initiatives in media, new video technologies and print media.

Through its various subsidiaries, IDT has interests in several telecom, Internet-related and media companies. IDT acquired the assets of Winstar Communications in December 2001. IDT Corporation common shares trade on the New York Stock Exchange under the ticker symbols IDT.B and IDT. As of December 12, 2002, there were about 54.1 million shares of Class B common stock (IDT.B) outstanding, and about 25.0 million shares of common stock (IDT). Of these, approximately 4.0 million shares of Class B common stock and approximately 5.4 million shares of common stock were held by IDT Corporation.

In this press release, all statements 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, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. These factors include, but are not limited to, the following: potential declines in prices for our products and services; our ability to maintain and grow our retail telecommunications services, particularly our prepaid calling card business; availability of termination capacity; financial stability of our customers; our ability to maintain carrier agreements with foreign carriers; effectiveness of our marketing and distribution efforts; increased competition, particularly from regional bell operating companies; our ability to manage our growth; competitiveness of our Winstar subsidiary; impact of government regulation; our ability to obtain telecommunications products or services required for our products and services; and general economic conditions, particularly in the telecommunications markets. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

Newark, NJ, January 14, 2003 – IDT Corporation (NYSE: IDT.B, IDT), is proud to announce that Winstar Communications, also known as IDT Solutions, has been awarded a Wemmie Award from The Wireless Communications Association (WCA) for Outstanding Achievements in Emergency Preparedness. IDT acquired substantially all the operating assets of Winstar Communications, Inc. in December of 2001.

The Wireless Communications Association is honoring Winstar Communications for their service to the federal government during the emergency relief efforts following the September 11th World Trade Center attack. WCA gives the Emergency Preparedness Award to a service provider “that enables or will enable a local government to quickly bypass government and/or commercial cable networks damaged by unexpected events.” This year’s Wemmie Awards will be presented on Tuesday, January 14, as part of the WCA’s Ninth Annual Technical Symposium and Business Expo at the Fairmont Hotel in San Jose, CA.

“The world has changed in the year and a half since the tragedy of September 11th for all people, including Corporate America,” said Jim Courter, IDT Corp’s CEO. “Corporate security, travel and especially maintaining uninterrupted telecommunications all pose new challenges. IDT Solutions helps provide businesses with the necessary telecommunications services for business continuity.”

“It’s especially gratifying to receive The Emergency Preparedness Award from the WCA because it came from our peers in the wireless industry,” said Brian Finkelstein, IDT Solutions’ CEO. “Since the IDT Solutions wireless network provides carrier diversity to traditional fiber service providers, we’re able to offer businesses an added level of network redundancy to minimize the risks of network outages.”

IDT Solutions’ use of Winstar’s unique fixed wireless network delivers reliable local and long distance services, and is capable of providing redundancy for businesses and others seeking back-up services. This redundancy enabled the company to provide uninterrupted telephone service in lower Manhattan to customers and to the federal government’s disaster relief operations following the September 11th attack on the World Trade Center towers. The Federal Courts, Department of Corrections and Citigroup are just a few of those that were served.

About The Wireless Communications Association
Founded in 1988, WCA (www.wcai.com) is the world’s principal non-profit trade association representing the broadband wireless industry. WCA’s membership of nearly 500 companies includes leading carriers, vendors and consultants on six continents.

IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its retail and wholesale customers worldwide. IDT Telecom, by means of its own national telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance telephony and prepaid calling cards. IDT and Liberty Media own 95% and 5 % of IDT Telecom, respectively. IDT Media is the IDT subsidiary principally responsible for the Company’s initiatives in media, new video technologies and print media.

Through its various subsidiaries, IDT has interests in several telecom, Internet-related and media companies. IDT acquired assets of Winstar Communications in December 2001. IDT Corporation common shares trade on the New York Stock Exchange under the ticker symbols IDT.B and IDT. As of December 12, 2002, there were about 54.1 million shares of Class B common stock (IDT.B) outstanding, and about 25.0 million shares of common stock (IDT). Of these, approximately 4.0 million shares of Class B common stock and approximately 5.4 million shares of common stock were held by IDT Corporation.

In this press release, all statements 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, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. These factors include, but are not limited to, the following: potential declines in prices for our products and services; our ability to maintain and grow our retail telecommunications services, particularly our prepaid calling card business; availability of termination capacity; financial stability of our customers; our ability to maintain carrier agreements with foreign carriers; effectiveness of our marketing and distribution efforts; increased competition, particularly from regional bell operating companies; our ability to manage our growth; competitiveness of our Winstar subsidiary; impact of government regulation; our ability to obtain telecommunications products or services required for our products and services; and general economic conditions, particularly in the telecommunications markets. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

NEWARK, N.J., January 9, 2003 — IDT Corporation (NYSE: IDT.B, IDT), a multinational carrier, telephone and technology company, announced today that it is changing the New York Stock Exchange ticker symbols of its common stock and its Class B common stock. As of the opening of trading on February 26, 2003, IDT’s common stock, which currently trades under the symbol IDT, will trade under the symbol IDT.C. As of the opening of trading on March 19, 2003, IDT’s Class B common stock, which currently trades under the symbol IDT.B, will trade under the symbol IDT. As a result, there will be a three-week period when the ticker symbol “IDT” will not be used for either the common stock or the Class B common stock.

“There are now more than twice the number of shares of Class B common stock outstanding as compared with shares of our common stock,” said Jim Courter, IDT CEO. “Given the large difference in the number of outstanding shares between the two classes of stock, we thought it made sense to use the company’s primary ticker symbol IDT for the class with the larger number of shares outstanding.”

As of December 12, 2002, there were approximately 54.1 million shares of Class B common stock outstanding and approximately 25.0 million shares of common stock outstanding. Of these, approximately 4.0 million shares of Class B common stock and approximately 5.4 million shares of common stock were held by IDT Corporation.

IDT selected February 26, 2003 as the date on which the common stock ticker symbol will change to coincide with the second anniversary of IDT’s listing on the New York Stock Exchange.

“IDT has found a good home at the New York Stock Exchange. Since moving from Nasdaq to the Big Board, the trading price of our common stock has increased by over 50%,” said Howard Jonas, IDT Chairman. “Like people, firms are judged in part by the company they keep. Most of the world’s most successful companies are listed on the NYSE. Without question, IDT’s association with the New York Stock Exchange has enhanced our image and has contributed to our success.”

IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its retail and wholesale customers worldwide. IDT Telecom, by means of its own national telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance telephony and prepaid calling cards. IDT and Liberty Media own 95% and 5 % of IDT Telecom, respectively. IDT Media is the IDT subsidiary principally responsible for the Company’s initiatives in media, new video technologies and print media. IDT Solutions (formerly Winstar) is the IDT subsidiary that provides reliable local and long distance voice, data, high-speed Internet and business continuity networking service for business needs in 22 U.S. markets through its facilities–based network utilizing fixed broadband wireless technology.

NEWARK, N.J., December 12, 2002 — IDT Corporation (NYSE: IDT.B, IDT), a multinational carrier, telephone and technology company, announced today that it will change the name of its Winstar division to IDT Solutions. The name change will become effective at the end of March 2003.

“What’s in a name? To Shakespeare, a rose by any other name may have smelt just as sweet, but for IDT the name IDT Solutions paints a more accurate picture of our budding business services division,” said Howard Jonas, IDT Chairman. “IDT has become a trusted name in telecommunications services, and now IDT Solutions will benefit from that good will.”

In the next 60 days IDT will launch a major marketing campaign to make businesses aware of the high quality and lower cost alternatives that IDT Solutions can provide including voice, data and high speed internet services.

“Just as we have a responsibility to our customers, we have a duty to the IDT shareholders to maximize the value of all company assets. When we bought the operating assets of the old Winstar, we thought any negative public perception of the company would soon fade. But unfortunately it has persisted and we believe it is hurting its value,” said Jim Courter, IDT CEO. “We believe IDT Solutions will help unlock the division’s potential.”

IDT Solutions not only offers local phone service in the 22 markets serviced by Winstar, but will also offer enterprise customers nationwide, the full suite of IDT services, including domestic and international long distance, data, high-speed internet and VoIP.

“This is more than just a name change for IDT Solutions, it’s the complete integration of the Winstar technology into the IDT network and full line of services. We will provide a complete solution for any enterprise customer’s voice and data needs at a substantial savings to the other major US carriers,” said Brian Finkelstein, CEO IDT Solutions, formerly Winstar. “And in weeks to come we will be announcing an aggressive pricing plan for IDT Solutions.”

IDT Solutions, (formerly Winstar) is the reliable choice for local and long distance voice, data, high-speed Internet, and business continuity-standby networking services for business needs. IDT Solutions’ unmatched facilities-based network utilizes fixed broadband wireless technology to deliver highly reliable, affordable services as your primary or supplemental choice to the Regional Bell Operating (RBOC) monopolies in 22 U.S. markets. Excellent customer support, superior network reliability, and the financial stability of IDT make IDT Solutions the smart choice for your telecommunications services.

IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its retail and wholesale customers worldwide. IDT Telecom, by means of its own national telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance telephony and prepaid calling cards. IDT and Liberty Media own 95% and 5 % of IDT Telecom, respectively. IDT Media is the IDT subsidiary principally responsible for the Company’s initiatives in media, new video technologies and print media.

Through its various subsidiaries, IDT has interests in several telecom, Internet-related and media companies. IDT acquired assets of Winstar Communications in December 2001. IDT Corporation common shares trade on the New York Stock Exchange under the ticker symbols IDT.B and IDT. As of October 18, 2002, there were about 54.1 million shares of Class B common stock (IDT.B) outstanding, and about 25.0 million shares of common stock (IDT). Of these, approximately 4.0 million shares of Class B common stock and approximately 5.4 million shares of common stock were held by IDT Corporation.

In this press release, all statements 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, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. These factors include, but are not limited to, the following: potential declines in prices for our products and services; our ability to maintain and grow our retail telecommunications services, particularly our prepaid calling card business; availability of termination capacity; financial stability of our customers; our ability to maintain carrier agreements with foreign carriers; effectiveness of our marketing and distribution efforts; increased competition, particularly from regional bell operating companies; our ability to manage our growth; competitiveness of our Winstar subsidiary; impact of government regulation; our ability to obtain telecommunications products or services required for our products and services; and general economic conditions, particularly in the telecommunications markets. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.