Wave Issue 0415 /23/2004 Article 6-01

***IDT to Deploy America's First Commercial WiFi Phone Service;
Ironbound Section of Newark, New Jersey To Be First Area Covered

Newark, NJ
April 22, 2004

IDT Corporation announced plans to deploy the first commercial
WiFi phone service in the US. IDT's WiFi phone service will allow
users to bypass local phone companies and make domestic and
international phone calls via a wireless connection to the
internet. IDT plans to initially roll out the WiFi service in
select areas of the Ironbound section of Newark, New Jersey. This
initial deployment will provide research to help IDT develop the
new service as it is rolled out in other areas. The new phone
service will utilize Net2Phone's innovative Voice Over Internet
Protocol (VoIP) platform. IDT Corporation (NYSE:IDT)(NYSE:IDT.C),
is a multinational carrier, telephone and technology company. In
its April 5th issue, Fortune magazine placed IDT 746th in its
ranking of America's top 1000 companies. Based upon results from
last quarter IDT has an annualized revenue rate of more than $2
billion.

WiFi phone customers will not need their own expensive broadband
connection to access the service. IDT will provide wide area WiFi
coverage in the targeted neighborhoods. Calls will be routed via
Net2Phone's VoIP platform, and terminated by IDT's worldwide
telecommunications network and infrastructure. IDT Business
Services' (Winstar) fixed wireless network will provide backhaul
services for the traffic. IDT is currently deploying its initial
network and expects to begin service in Newark within 30-60 days.

IDT's network is being designed to be compatible with advances in
wireless technology. IDT's WiFi customers will benefit from a
seamless transition to WiMax service as that technology matures
and becomes more widespread.

www.idt.net/