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IDT Corporation Files Form 10-K

 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.