NEWARK, N.J. - December 8, 2000 - Please join us for the IDT Corp. (NASDAQ: IDTC) first quarter conference call when we report results for the quarter ended October 31, 2000. We will also discuss forward-looking topics, such as the outlook for results in future quarters.

Our conference call is scheduled for Thursday, December 14th, at 8:30 AM (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 (http://www.idt.net). A direct link to the call will be found under the Investor Relations tab of the website. You will need RealAudio 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 1-800-447-0521 for domestic callers, or 1-847-413-3238 for international callers. No passcode is required.

Should you miss the call, you may access an archived copy of the call at the IDT website on the Investor Relations tab, or via a replay at 1-888-843-8996 -- passcode #3254563, or 1-630-652-3044 for international callers. The webcast archive and the teleconference replay will be available for one week after the conference call.

We look forward to your participation.

IDT is a leading facilities-based multinational carrier that offers a broad range of telecommunications services to wholesale and retail consumers worldwide. Through its own telecommunications backbone and network infrastructure, IDT provides its customers with integrated and competitively priced international and domestic long distance, pre-paid calling cards and Digital Subscriber Line (DSL) service.

The Company's Ventures division is developing several innovative telecom and Broadband related businesses. IDT's experience with new ventures, includes the creation and initial public offering of the Internet Telephone Company, NET2PHONE (NASDAQ:NTOP - news). IDT Technology Ventures supports IDT in selecting and incubating new technology ventures.

Mary Jennings
IDT Investor Relations
201/928-2975