NEWARK, N.J., February 26, 2003 -- IDT Corporation (NYSE: IDT.B, IDT.C), a multinational carrier, telephone and technology company, is reminding shareholders and the investment community of its previously announced change to its 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 on the New York Stock Exchange 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.

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 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.

Contact:

Mary Jennings