IDT : Telecom CEO Named in GTB Power 100 for Third Year in a Row

London, UK- September 30th 2014- For the third year in a row, Bill Pereira, CEO of IDT Telecom, has been awarded a place in the Global Telecoms Business Power 100, the international list of the 100 most powerful and influential people in telecoms.

Now in its seventh year, the Global Telecoms Business Power 100 list compiles the most powerful and influential executives in the industry, selecting nominations from the readers of the publication - including CEOs, CFOs and other senior executives of the world's major operators, telecoms vendors and industry organizations.

Bill Pereira has been CEO, President and Co-Chairman of IDT Telecom since 2011. Over the past 12 months Pereira has continued to drive the growth of IDT's core voice services while developing new revenue streams from payment services, apps and other offerings.

Pereira commented on his nomination, "It is a great honor to be recognized as an international leader in the industry, but I don't view it as an individual accolade. It is much more a reflection of the work of our IDT team of 1,200 employees around the globe. Through their contributions, IDT has become a leading global carrier, and I am confident we will continue to take the company to new heights in the years to come."

Under Pereira's leadership, IDT now terminates 30 billion minutes per year, and has formed and strengthened key relationships with all of the world's major carriers. This past year he oversaw the expansion of IDT into the money remittance business as well as the launch of the Boss Revolution mobile app. The award winning app enables customers all around the world to connect across borders with one-touch dialing of their contacts, with no contracts and low rates.

ENDS

About IDT

IDT Corporation (NYSE: IDT), through its IDT Telecom division, provides retail telecommunications and payment services to help immigrants and the under-banked to conveniently and inexpensively communicate and share resources around the world.  IDT Telecom's wholesale business is a leading global carrier of international long distance voice calls.  IDT also holds majority interests in two early-stage technology companies focused on high growth industries:  Zedge (www.zedge.net ), a mobile content discovery and acquisition platform, includes one of the most popular Apps for Android and iOS;  Fabrix Systems (www.fabrixsystems.com ), a cloud based scale out storage and computing platform, provides a scalable solution optimized for media and big data processing and delivery.   IDT recently announced an agreement to sell its interest in Fabrix.  For more information, visit www.idt.net .

About GTB Power100
Global Telecoms Business, www.globaltelecomsbusiness.com , is part of the Euromoney Institutional Investor PLC group. The full list of the GTB Power100 for 2014 is athttp://www.globaltelecomsbusiness.com/Stub/Power100.html For more information about the GTB Power100 contact the editor of Global Telecoms Business, Alan Burkitt-Gray, on [e-mail] or [phone]

Media Contacts:

Stephen Mills
Carrier Services Marketing Director
IDT
[phone]