NEWARK, N.J. -- IDT Corporation (NYSE: IDT.B, IDT), a multinational carrier, telephone and technology company, announced today that it is changing the New York Stock Exchange 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 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. "There are now more than twice the number of shares of Class B common stock outstanding as compared with shares of our common stock," said Jim Courter, IDT CEO. "Given the large difference in the number of outstanding shares between the two classes of stock, we thought it made sense to use the company's primary ticker symbol IDT for the class with the larger number of shares outstanding." IDT Corp.