<SUBMISSION>
<ACCESSION-NUMBER>0001193125-05-244598
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20051219
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20051219
<DATE-OF-FILING-DATE-CHANGE>20051219
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>IDT CORP
<CIK>0001005731
<ASSIGNED-SIC>4813
<IRS-NUMBER>223415036
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0731
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-16371
<FILM-NUMBER>051271388
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>520 BROAD ST
<CITY>NEWARK
<STATE>NJ
<ZIP>07102
<PHONE>973 438 1000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>520 BROAD STREET
<CITY>NEWARK
<STATE>NJ
<ZIP>07102
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
<HR SIZE="3" NOSHADE COLOR="#000000" ALIGN="left"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="4"><B>UNITED STATES </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="4"><B>SECURITIES AND
EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>Washington, D.C. 20549 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>FORM 8-K </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="3"><B>CURRENT REPORT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="3"><B>Date of Report (Date of earliest event reported): December&nbsp;19, 2005 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="6"><B>IDT CORPORATION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><B>(Exact name of registrant as specified in its charter) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR
WIDTH="17%" SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Delaware</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>1-16371</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>22-3415036</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(State or other jurisdiction<BR></B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>of incorporation)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" NOWRAP ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Commission File Number)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(IRS Employer</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1"><B>Identification No.)</B></FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="33%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>520 Broad Street</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Newark, New Jersey</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>07102</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" NOWRAP ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Address of principal executive offices)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Zip Code)</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Registrant&#146;s telephone number, including area code: (973)&nbsp;438-1000 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Not Applicable </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Former name or former address, if changed since last report.) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR WIDTH="17%" SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below): </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="95%"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT FACE="Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT FACE="Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR SIZE="3" NOSHADE COLOR="#000000"
ALIGN="left">

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Item&nbsp;8.01. Other Events. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">On December&nbsp;19, 2005, the Registrant issued a press release, a copy of which is furnished herewith as Exhibit 99.1 and is incorporated
herein by reference. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Item&nbsp;9.01 Financial Statements and Exhibits.
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Exhibits </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD WIDTH="90%"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Exhibit&nbsp;No.</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1"><B>Document</B></FONT></P><HR WIDTH="60" SIZE="1" NOSHADE ALIGN="left" COLOR="#000000"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">99.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Press Release of the Registrant dated December 19, 2005.</FONT></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>SIGNATURE </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2"><B>IDT CORPORATION</B></FONT></TD></TR>
<TR>
<TD COLSPAN="3" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">/s/ James A. Courter</FONT></P><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">James A. Courter</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Chief Executive Officer</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman"
SIZE="2">Dated: December&nbsp;19, 2005</FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>EXHIBIT INDEX </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Exhibit</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>Number</B></FONT></P><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1"><B>Description</B></FONT></P><HR WIDTH="48" SIZE="1" NOSHADE ALIGN="left" COLOR="#000000"></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">99.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Press Release of the Registrant dated December 19, 2005.</FONT></TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>dex991.htm
<DESCRIPTION>PRESS RELEASE OF THE REGISTRANT DATED DECEMBER 19, 2005
<TEXT>
<HTML><HEAD>
<TITLE>Press Release of the Registrant dated December 19, 2005</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Exhibit 99.1 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">

<IMG SRC="g20767image002.gif" ALT="LOGO"> </P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="5"><B>IDT Spectrum Inc. Announces Postponement of
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="5"><B>Initial Public Offering </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Newark, NJ, December&nbsp;19, 2005</B> &#150; IDT Spectrum Inc. and IDT Corporation (NYSE:IDT, IDTC) today announced the postponement of the previously announced
initial public offering of IDT Spectrum&#146;s Class B common stock. IDT Spectrum had previously filed a registration statement with the Securities and Exchange Commission registering the planned offering and will withdraw the registration
statement. IDT Spectrum said that the postponement was due to market conditions and its ability to finance the current stage of its development without recourse to the public equity markets. IDT Spectrum will consider proceeding with its initial
public offering at a future date based on the development of its business, its capital needs and market conditions, among other factors. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">IDT Spectrum holds a significant number of licenses for commercial fixed wireless spectrum in the United States, providing broad geographic coverage and a large amount of
total bandwidth in many areas. IDT Spectrum is developing a fixed wireless network platform that will integrate its wireless spectrum with its operational management capabilities and a flexible architecture to serve the specialized backhaul and
telecommunications connectivity needs of a variety of customers, such as cellular phone network providers, commercial enterprises, government agencies and first-responders. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">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 IDT&#146;s initiatives in brochure distribution, retail energy and new technologies.
Net2Phone, Inc., a subsidiary of IDT, 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. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">Contact: Gil Nielsen </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:7%"><FONT FACE="Times New Roman" SIZE="2">973-438-4002 or 973-438-3553 </FONT></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g20767image002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g20767image002.gif
M1TE&.#=A/P!4`'<``"'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"P`
M````/P!4`(<Z.CK_UC'___\I*2GFYA`I*3K.UL498U)K6AE*6AF]I2G>UN;_
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M*1#_]^8Z.E+_[_\(_P`--!!(<*#!@@@/*DS(<*%#>@($+#"P0,"``5,N9L2H
ML2/'CQM#>A0)<F3'*@8$T#-`\`Z`ES!CRIQ)LZ9-FP525FP`S0!,EP"`"GTY
M-"C1HT:3%EV*%,"`E!17VKE)M:K5FG>>1C1@QP`]I3^1%C4Z!4#9LV;3HEVK
M-FTUF`,J1IP[$RC5.Q4F,)C`MZ_?OX#],F``4QZ\E',C)I5IMW',*:OZ!IA,
MN;+ERY,G%(`K-W'8Q8QEOC6;%[-IS'J/:DTLP.;8IB^K%9BB8,+IVYEC/OW'
M&BQHF&5A%MC\4MZ=`G>BX#X]H;A3Q)Y=P[3`=_!>!:N./PYD.X!R[Y._B_^G
M/&'*Z+BL6W].2GNOY>I[+:0%L#E`]^63"1<_G/YW3/OWH::7`MJ951M^N7'6
M7VC53/&=:0%6%\4=9ST38`#W5)9A?E,`M9IGKU'#P&431*%`!8$H`&!W`P8'
MP#T7HO;3;KW558"*E4V@AEEE;586-5'P!2`#U$Q10#RU/0A>CC!50P%T=/GG
MGG<3%%F-<3.95UMW#$11@#R0C7C9=^5YV%F43=UQWP0*N-AD4F#B0UU?1&:D
MYI+OZ0:E8G;!](R8]A4PVE'#&4G?2U\&:1\#;;XD)(E?OO0AFC)1<Y^72'6H
M@*)1J%$!A;/=81^`LCDXV88)`F#8GNHM!>@J,T7_L=>:>@50`8\'\O7,;##F
M"<!;.:77)TP)L'@K404H"J%>@9AE876K3$%;A'HNN-A;8DZP"G$`5#`E<WI5
M8&20+4Y+7H>2GLDG3+>"268%FU'X:&5*DL?7'5!L.<$]T@9"WD]/6ON2&M2\
MA".;J@8%*&;UYE<!%*65:&2NW,;%6W2J%F!!`&59:!^_+UEJ6<,D=MFA7]+.
M:=2J_=FEP#XN39$M3"*'=UK#?#DZ:@'X*,!`Q:S*%%FCN18\0,VFD4P>`W?$
MDUES4$21L%E!VV7!8"[]:9\"@@*P\*DW7\8``@X*:99=DRH64UX2FQK`SV9U
MARK#S#&P"A1/<TMU?V_)_P-`("-.X%+$MR8;(X:WU<O`P^1R[&'0L75K6]LL
MEE4:94K.C>=[=9+;9-KJ%7>@?45&9M\S+WV-WS0Q,K!KH&9>/!=0?E=`7@!F
M`1C%%/B,=QJJS=GV8'44ZB<IY#!Q1YZXI1%9`-*;-QP%%(>GUB?HA4F^-+[*
M\34;@IE90!OF.1K_*_96?[W['8&+RX/Z$%+S_.&CNHA>C3"97IG=4\Q)V!3+
M(5.'ID"_MZD&<D"Y&HGH,[GI:0UQ8!O9`!]4K^;`Q0"RBTB?]#>\W7EL`KV(
MVG*T1;,+D0EH`@.``DD4K5PQD&Z9Z1/]+.BW^V&L=M4C#-[X,KW+;2XSP6F0
MTO\LJ"K^],8N@"/?[4YFGV@I;3(*D`EU;':NQRUH-#XD49LLI1<*769#)#3*
M'>11O2910%VA&]B8<E0D?2%'=?;)4H!.>![D4<AV5.1<[D8%L1*])SA(Q(SY
MT)<\./Z1@%N#0J_"PR;S5"I&FO&;4]"8O2Q2D#SKZXL"1+@\23Y&;I09)/(,
M5L`<B4]$I$-D;D9CEV0MT"@TBHY+"K`*&):/>=79E=S<E!2/Y0B%^'O)"O'#
MM&EU44T(\Z1,OD;$O1TQ?S;+D'*D"1XR4>A@"6`?ZHY"NQM5,XY^JP;V9"(M
M(YES-N@TDC[*"2QVS@<KYW1GNJQEEVK<P9[XO*<^K_3_JZ$,*TUAV>?UJG:5
M@OKG*BZ)):5@8]#7^.:@A3&B+.%R$9E<Y*(#<$I&,UH3C'JTHAB52;"""8`P
ML&0!>#!*3EC"TH%P91M2<,J,!M(3KK"D*PAA:4832E"G-&`N4N#H`.:20=;0
M(RN22H]26</12::0"G-)Z4LHL%2E4B&C_*AJ59LZ3IC\-"(Q32I0J7`!LC9`
M750P4@/6NM8+?#4B;(UK1FN(P1HE%*H1D:I3$E.%`@S`KP.@``"@E)6/5H&O
M'XWH*`%P`:#")3%-C0E*YK*`R+XDJW,1;$R4"0!*PO(,0-WI8><26:&,5FV;
MI2II)=DGEP0LF`5H;%X?2UJ&_P(`KP*@PF>&6EN;*%1M"04M6&&BVHA8MI=S
M:8!E>6O<F!1E"HN5K0"D*L[$\..@^9B+`09P/<C:]CE7=(IP!1!6`!37(LYU
M3C4HRU$/>;<NB(IN:,4:$0H,:B9SZ8=]=?->_XRSAL+M1U#]AMGF/M0:VFTJ
M@;W;6J)(=*'2E>H=SGM</R57;WOM+7RGX-G@.K:(_57*`-YZ5:0P%[T/!2]L
MI1M4^J)X6">FR8DK?,&6O60*`2YO@5$LD\E&I+)-F7%ZQ?A@U/HTJD0Y;Q4V
MJM$[G&E8"0UQED99`-R6%QZ)H4)<&]`/UK1X)A06RP%M_)(($U>KK*'"=7TC
M9-]Z5FE2;RWOB:NZ`*1RUL7'I5V1TP@`*1@$#UU[REH%8A"VXF$*:UX/G`FR
M4_]2$FT:R=Y?,4J!D$[M-RXI;$6QHF*,T>2??LOT3.X+4:;HJ:B.X31-6!L:
6V/Q3-)V.DF-2C5!5.T?,"F)-0```.S\_
`
end
</TEXT>
</DOCUMENT>
</SUBMISSION>
