8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 20, 2009

IDT CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	1-16371	22-3415036
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

520 Broad Street Newark, New Jersey	07102
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (973) 438-1000

Not Applicable

(Former name or former address, if changed since last report.)

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):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events

On March 20, 2009, the Registrant issued a press release, a copy of which is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Document
99.1	Press Release of the Registrant dated March 20, 2009.

SIGNATURE

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.

IDT CORPORATION
By:	/s/ James A. Courter
Name:	James A. Courter
Title:	Chief Executive Officer

Dated: March 24, 2009

EXHIBIT INDEX

Exhibit No.	Document
99.1	Press Release of the Registrant dated March 20, 2009.

EX-99.1

EXHIBIT 99.1    PRESS RELEASE

Sale of IDT’s European Prepaid Payment Services Business To Neovia Will Not Close

NEWARK, NJ - (March 20, 2009): -- IDT Corporation (NYSE: IDT; IDT.C) said that it was informed today by NEOVIA Financial Plc ("Neovia") that the previously announced sale of IDT's European prepaid payment services business to Neovia would not be consummated.

On March 19, 2009, the Gibraltar Financial Services Commission ("FSC") informed Neovia that it would not approve the previously announced sale of IDT's European prepaid payment services business, IDT Financial Services Holding Limited, to Neovia until the FSC received the required notification from a specific shareholder of Neovia.  On March 20, 2009, Neovia informed IDT that this shareholder is unwilling to provide the requested notification to the FSC.

IDT is considering its options with respect to the business and Neovia's actions.

About IDT Corporation:

IDT Corporation (www.idt.net) is a multinational holding company focused on the telecommunications and energy industries.  IDT Corporation's Class B Common Stock and Common Stock trade on the New York Stock Exchange under the ticker symbols IDT and IDT.C, respectively.

Investor Relations:

IDT Corporation

Bill Ulrey (973) 438-3838