IDT Corporation Introduces Branded Wireless Program

IDT Corporation (NASDAQ:IDTC) announced the launch of its branded wireless program, including pre-paid wireless mobile phone service, with enhanced features, such as voice mail, caller ID and call waiting. IDT is a leading multinational carrier, telephone company and Internet service provider.

IDT's network services will be provided on the Sprint PCS Nationwide wireless network. Under IDT's Private Label Services arrangement with Sprint PCS (NYSE:PCS), IDT customers will have access to PCS service anywhere on the Sprint PCS Nationwide Network, serving more than 300 major metropolitan areas. IDT's prepaid wireless service will be offered in retail outlets in the New York Metropolitan area at the end of July, with distribution to be phased in nationwide.

"Our agreement with Sprint PCS is a significant move for the development of IDT's Wireless Division," said Howard Jonas, IDT's Chairman and CEO. "Not only is IDT entering one of the fastest growing industries full force, Sprint PCS' cutting-edge wireless network ensures IDT will provide clear network service of the highest quality to its wireless customers."

IDT announced the launch of its Wireless Division in March 2000. Since then, the company has introduced its "FreeWay" pager. "FreeWay" is the only paging service of its kind available commercially in the U.S. based on a caller-pays system, and offers users free lifetime airtime by transferring the cost of the page to the calling party.

"IDT has been an industry leader in providing its customers with advanced and competitive communications solutions," said Jim Courter, President of IDT. "Through the build-out of its Wireless Division, IDT is working aggressively to position itself as a truly integrated telecom company, with a broad range of competitive product and service offerings and a diversified revenue flow.

IDT is a leading facilities-based multinational carrier that combines its position as an international telecommunications operator with its experience as an Internet service provider to provide a broad range of telecommunications services to its wholesale and retail customers worldwide.

Through its own telecommunications backbone and network infrastructure IDT provides its customers with integrated and competitively priced international and domestic long distance telephony, prepaid calling cards, Internet access and Digital Subscriber Line (DSL) service. The company's Ventures business is developing several innovative telecom and Internet related businesses.

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