IDT Europe - Corporate - Press Releases

Rotterdam, August 2, 2006- IDT Europe today announced the launch of IDT MOBILE, its new, SIM-only prepaid mobile phone service in the Netherlands. The service utilizes the mobile network of Orange. This is the first MVNO IDT has signed directly with a major mobile operator for prepaid services in Europe. The new service targets frequent international callers. IDT Europe is a subsidiary of IDT Corporation, an international telecommunications and technology company.

IDT Mobile offers a simple pricing plan, competitive rates, no monthly fees or hidden costs. International calls start at €0.10 per minute. National calls are €0.23 per minute, and SMS text messages are €0.10 per message, up to 160 characters.

"We are very excited about IDT Mobile and the start of our relationship with Orange in the Netherlands," said Benny Last, Managing Director of IDT Europe. "Our prepaid mobile service provides a very simple formula for potential customers: both great value international rates and national tariffs, provided by two of the leading companies in their fields."

"IDT's predominately ethnic customer base matches up well with Orange's great urban and in-building coverage," said Yves Gauthier, CEO of Orange Nederland. "We trust them to take a significant portion of the market with this great pre-paid service."

IDT Mobile in Holland is the first major Mobile Virtual Network Operator (MVNO) agreement signed by IDT with a major mobile operator for prepaid services. IDT plans to provide similar services in other major European markets.

About IDT

IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to retail and wholesale customers worldwide. IDT Telecom, by means of its own international telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance and domestic all-distance telephony and prepaid calling cards. IDT Entertainment is the IDT subsidiary focused on developing, acquiring, producing and distributing computer-generated and traditionally animated productions and other productions for the film, broadcast and direct-to-consumer markets. IDT Capital is the IDT division principally responsible for the Company's initiatives in brochure distribution, retail energy and new technologies. Net2Phone, Inc., a subsidiary of IDT Corporation, is a provider of high-quality global retail Voice over IP services and offers a fully outsourced cable telephony service to cable operators allowing cable operators to provide residential phone service to their subscribers. 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.

For more information about IDT Corp. and IDT Europe please visit www.idt.net and www.idteurope.com respectively or contact: Dennis Cowles 010 4400907

About Orange

Orange is a key brand of the France Telecom Group, one of the worlds leading telecommunications operators with 149 million customers on five continents.

On 1st June, 2006, as part of the France Telecom Group integrated operator strategy (NExT programme) to deliver simple, convergent products, Orange became the single brand for mobile, broadband and multiplay offers in France, the United Kingdom and The Netherlands. It?s strengthening Orange's position as the number two mobile and internet services brand in Europe. In addition, Orange Business Services became the new banner for business communications solutions and services. Orange Business Services is present in 166 countries and territories and serves customers in 220.

The France Telecom group has 23 mobile and nine internet operations across the world. At June 30, 2006, the group had 88.7 million mobile customers, and 11.9 million internet customers. In the Netherlands Orange had on 30 June 2006, 1,996 million mobile customers and 588.000 internet customers.