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Technology Stocks : Voice-on-the-net (VON), VoIP, Internet (IP) Telephony -- Ignore unavailable to you. Want to Upgrade?

To: Stephen B. Temple who wrote (1558)	10/16/1998 8:22:00 AM
From: Stephen B. Temple	Read Replies (1) \| Respond to of 3178

IDT Completes UK Facility October 16, 1998 HACKENSACK, N.J.--(BUSINESS WIRE) via NewsEdge Corporation -- IDT Corporation (Nasdaq: IDTC) today announced that it has completed its new international telecommunications gateway operation in London, UK. The 7,000 square foot facility houses both commercial offices and switching operations for IDT's wholesale and retail services, including carrier interconnect and pre-paid calling card services. More than 20 employees are located at the facility, handling all aspects of commercial and technical operations. With the activation of the London facility, IDT has effectively doubled the size and carrying capacity of its international network and has established a broadband gateway connecting Europe and the UK with US carriers and customers. The London operation will also serve as the gateway point for additional IDT facilities being developed in, France, Germany and the Netherlands. IDT's UK operations employ state of the art telecommunications technology. The 55,000 port Nortel DMS-300 international carrier gateway switch supports all of the ITU and ETSI standard international and national telecommunications protocols required to interconnect carriers in Europe, the UK and the US. The DMS-300 is supported by a 3,000 port Nortel MMCS multimedia carrier switch which handles a full range of ISDN services and protocols. IDT's Alcatel 1641SX digital cross connect and bandwidth management system provides the capability for electronically connecting hundreds of carrier circuits to the switching equipment as well as managing IDT's UK and international transmission network. The transmission network is based on high capacity broadband SDH facilities connecting London to IDT's US gateway switch via STM-1 over IDT's transatlanic undersea cable, and to carriers and customer in the UK via STM-1, E3 and E1 circuits. The use of advanced SDH transmission facilities, along with the high capacity bandwidth management system, gives IDT one of the most advanced network facilities in the UK, with the ability to support thousands of trunks through its London gateway facility without increasing the operations staff. This allows the Company to increase revenues and margins by containing the cost of growth. With the availability of the London facility, IDT intends to finalize pending interconnect agreements with incumbent and competitive national and international carriers, and greatly expand the scope of both its retail and wholesale businesses. IDT is a leading emerging multinational carrier that combines its position as an international telecommunications operator, its experience as an Internet service provider and its leading position in Internet telephony to provide a broad range of telecommunications services to its wholesale and retail customers worldwide. The company provides its customers with integrated and competitively priced international and domestic long distance, pre-paid calling cards, Internet access and, through its Net2Phone product offerings, Internet telephony services including Net2Phone Direct, Net2Fax, and Click2Talk. For more information about IDT's Internet telephony services, please visit www.net2phone.com . Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements involving risks and uncertainties. Important factors that could cause actual results to differ materially from such forward-looking statements, include, but are not limited to, the competitive environment for Internet telephony, changes of rates of all related telco rates and services, legislation that may affect the Internet telephony industry, IDT's ability to operate the services described on a large scale commercial level. For additional information regarding these and other risks associated with the company's business refer to the company's reports filed with the SEC. CONTACT: IDT, Hackensack \| IDT Public Relations \| Sarah Hofstetter, 201/928-2882 \| sarah@net2phone.com \| or \| IDT Investor Relations \| Janine Kutliroff, 201/928-4391 \| janinek@corp.idt.net