Amendment No. 8 to Schedule 13D

-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, J9oi6tpEeX9GlHU9Osuw+yz1Em/LYJEaQ0VlXkpMGv2110yJi+yNz6p0kgIWcUb4 KGVjTSBsOkJAA5fLz2vN7Q== 0001193125-06-053394.txt : 20060314 0001193125-06-053394.hdr.sgml : 20060314 20060314131038 ACCESSION NUMBER: 0001193125-06-053394 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20060314 DATE AS OF CHANGE: 20060314 GROUP MEMBERS: HOWARD S. JONAS GROUP MEMBERS: IDT CORPORATION GROUP MEMBERS: IDT DOMESTIC TELECOM, INC. GROUP MEMBERS: IDT DOMESTIC-UNION, L.L.C. GROUP MEMBERS: IDT INVESTMENTS, INC. GROUP MEMBERS: IDT LMC-N2P ACQUISITION II, INC. GROUP MEMBERS: IDT LMC-N2P ACQUISITION III, INC. GROUP MEMBERS: IDT LMC-N2P ACQUISITION, INC. GROUP MEMBERS: IDT TELECOM, INC. GROUP MEMBERS: IT STOCK, LLC GROUP MEMBERS: NTOP HOLDINGS, L.L.C. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NET2PHONE INC CENTRAL INDEX KEY: 0001086472 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 223559037 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-56655 FILM NUMBER: 06684265 BUSINESS ADDRESS: STREET 1: 520 BROAD STREET CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 9734383111 MAIL ADDRESS: STREET 1: 520 BROAD STREET CITY: NEWARK STATE: NJ ZIP: 07102 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: IDT CORP CENTRAL INDEX KEY: 0001005731 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 223415036 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 520 BROAD ST CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 973 438 1000 MAIL ADDRESS: STREET 1: 520 BROAD STREET CITY: NEWARK STATE: NJ ZIP: 07102 SC 13D/A 1 dsc13da.htm AMENDMENT NO. 8 TO SCHEDULE 13D Amendment No. 8 to Schedule 13D

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 8)*

NET2PHONE, INC.

(Name of Issuer)

Common Stock, par value $0.01 per share

Class A Common Stock, par value $0.01 per share

(Titles of Classes of Securities)

64108N10

(CUSIP Number)

Joyce J. Mason, Esq.

General Counsel and Secretary

IDT Corporation

520 Broad Street

Newark, New Jersey 07102

(973) 438-1000

(Name, Address and Telephone Number of Person Authorized

to Receive Notices and Communications)

March 13, 2006

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this statement because of § 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨.

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7(b) for other parties to whom copies are to be sent.

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 64108N10


1	NAME OF REPORTING PERSON
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

	IT Stock, LLC
	52-2352839
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a) ¨
	(b) x
3	SEC USE ONLY

4	SOURCE OF FUNDS

	N/A
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)	¨

6	CITIZENSHIP OR PLACE OF ORGANIZATION

	Delaware


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7 SOLE VOTING POWER

		0
		8 SHARED VOTING POWER

		0
		9 SOLE DISPOSITIVE POWER

		0
		10 SHARED DISPOSITIVE POWER

		0


11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	0
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)	¨

13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

	0
14	TYPE OF REPORTING PERSON

	OO

SCHEDULE 13D

CUSIP No. 64108N10


1	NAME OF REPORTING PERSON
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

	NTOP Holdings, L.L.C.
	52-2348660
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a) ¨
	(b) x
3	SEC USE ONLY

4	SOURCE OF FUNDS

	N/A
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)	¨

6	CITIZENSHIP OR PLACE OF ORGANIZATION

	Delaware


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7 SOLE VOTING POWER

		0
		8 SHARED VOTING POWER

		0
		9 SOLE DISPOSITIVE POWER

		0
		10 SHARED DISPOSITIVE POWER

		0


11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	0
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)	¨

13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

	0
14	TYPE OF REPORTING PERSON

	OO

SCHEDULE 13D

CUSIP No. 64108N10


1	NAME OF REPORTING PERSON
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

	IDT Domestic-Union, L.L.C.
	52-2343618
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a) ¨
	(b) x
3	SEC USE ONLY

4	SOURCE OF FUNDS

	N/A
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)	¨

6	CITIZENSHIP OR PLACE OF ORGANIZATION

	Delaware


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7 SOLE VOTING POWER

		0
		8 SHARED VOTING POWER

		0
		9 SOLE DISPOSITIVE POWER

		0
		10 SHARED DISPOSITIVE POWER

		0


11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	0
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)	¨

13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

	0
14	TYPE OF REPORTING PERSON

	OO

SCHEDULE 13D

CUSIP No. 64108N10


1	NAME OF REPORTING PERSON
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

	IDT Investments, Inc.
	88-0469107
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a) ¨
	(b) x
3	SEC USE ONLY

4	SOURCE OF FUNDS

	N/A
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)	¨

6	CITIZENSHIP OR PLACE OF ORGANIZATION

	Nevada


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7 SOLE VOTING POWER

		0
		8 SHARED VOTING POWER

		0
		9 SOLE DISPOSITIVE POWER

		0
		10 SHARED DISPOSITIVE POWER

		0


11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	0
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)	¨

13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

	0
14	TYPE OF REPORTING PERSON

	CO

SCHEDULE 13D

CUSIP No. 64108N10


1	NAME OF REPORTING PERSON
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

	IDT LMC-N2P Acquisition, Inc.
	27-0039864
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a) ¨
	(b) x
3	SEC USE ONLY

4	SOURCE OF FUNDS

	N/A
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)	¨

6	CITIZENSHIP OR PLACE OF ORGANIZATION

	Delaware


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7 SOLE VOTING POWER

		0
		8 SHARED VOTING POWER

		0
		9 SOLE DISPOSITIVE POWER

		0
		10 SHARED DISPOSITIVE POWER

		0


11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	0
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)	¨

13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

	0
14	TYPE OF REPORTING PERSON

	CO

SCHEDULE 13D

CUSIP No. 64108N10


1	NAME OF REPORTING PERSON
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

	IDT LMC-N2P Acquisition II, Inc.
	27-0039868
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a) ¨
	(b) x
3	SEC USE ONLY

4	SOURCE OF FUNDS

	N/A
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)	¨

6	CITIZENSHIP OR PLACE OF ORGANIZATION

	Delaware


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7 SOLE VOTING POWER

		0
		8 SHARED VOTING POWER

		0
		9 SOLE DISPOSITIVE POWER

		0
		10 SHARED DISPOSITIVE POWER

		0


11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	0
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)	¨

13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

	0
14	TYPE OF REPORTING PERSON

	CO

SCHEDULE 13D

CUSIP No. 64108N10


1	NAME OF REPORTING PERSON
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

	IDT LMC-N2P Acquisition III, Inc.
	45-0528240
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a) ¨
	(b) x
3	SEC USE ONLY

4	SOURCE OF FUNDS

	N/A
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)	¨

6	CITIZENSHIP OR PLACE OF ORGANIZATION

	Delaware


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7 SOLE VOTING POWER

		0
		8 SHARED VOTING POWER

		0
		9 SOLE DISPOSITIVE POWER

		0
		10 SHARED DISPOSITIVE POWER

		0


11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	0
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)	¨

13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

	0
14	TYPE OF REPORTING PERSON

	CO

SCHEDULE 13D

CUSIP No. 64108N10


1	NAME OF REPORTING PERSON
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

	IDT Domestic Telecom, Inc.
	52-2310760
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a) ¨
	(b) x
3	SEC USE ONLY

4	SOURCE OF FUNDS

	N/A
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)	¨

6	CITIZENSHIP OR PLACE OF ORGANIZATION

	Delaware


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7 SOLE VOTING POWER

		0
		8 SHARED VOTING POWER

		0
		9 SOLE DISPOSITIVE POWER

		0
		10 SHARED DISPOSITIVE POWER

		0


11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	0
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)	¨

13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

	0
14	TYPE OF REPORTING PERSON

	CO

SCHEDULE 13D

CUSIP No. 64108N10


1	NAME OF REPORTING PERSON
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

	IDT Telecom, Inc.
	22-3696918
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a) ¨
	(b) x
3	SEC USE ONLY

4	SOURCE OF FUNDS

	N/A
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)	¨

6	CITIZENSHIP OR PLACE OF ORGANIZATION

	Delaware


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7 SOLE VOTING POWER

		0
		8 SHARED VOTING POWER

		0
		9 SOLE DISPOSITIVE POWER

		0
		10 SHARED DISPOSITIVE POWER

		0


11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	0
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)	¨

13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

	0
14	TYPE OF REPORTING PERSON

	CO

SCHEDULE 13D

CUSIP No. 64108N10


1	NAME OF REPORTING PERSON
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

	IDT Corporation
	22-3415036
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a) ¨
	(b) x
3	SEC USE ONLY

4	SOURCE OF FUNDS

	WC
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)	¨

6	CITIZENSHIP OR PLACE OF ORGANIZATION

	Delaware


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7 SOLE VOTING POWER

		100
		8 SHARED VOTING POWER

		N/A
		9 SOLE DISPOSITIVE POWER

		100
		10 SHARED DISPOSITIVE POWER

		N/A


11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	100
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)	¨

13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

	100
14	TYPE OF REPORTING PERSON

	CO

SCHEDULE 13D

CUSIP No. 64108N10


1	NAME OF REPORTING PERSON
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

	Howard S. Jonas
	N/A
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a) ¨
	(b) x
3	SEC USE ONLY

4	SOURCE OF FUNDS

	N/A
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)	¨

6	CITIZENSHIP OR PLACE OF ORGANIZATION

	United States


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7 SOLE VOTING POWER

		100
		8 SHARED VOTING POWER

		N/A
		9 SOLE DISPOSITIVE POWER

		100
		10 SHARED DISPOSITIVE POWER

		N/A


11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	100
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)	¨

13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

	100
14	TYPE OF REPORTING PERSON

	IN

The undersigned IT Stock, LLC, NTOP Holdings, L.L.C., IDT Domestic-Union, LLC, IDT Investments, Inc., IDT LMC-N2P Acquisition, Inc., IDT LMC-N2P Acquisition II, Inc., IDT LMC-N2P Acquisition III, Inc., IDT Domestic Telecom, Inc., IDT Telecom, Inc., IDT Corporation (“IDT”) and Howard S. Jonas (together, the “Reporting Persons”) hereby file this Amendment No. 8 to the Schedule 13D, which amends their Schedule 13D with respect to the common stock and Class A common stock of Net2Phone, Inc. (“Net2Phone”), as previously amended. This Amendment (i) amends and supplements the text of Items 3, 4 and 5 and (ii) adds Exhibit 31 under Item 7.

Item 3. Source and Amount of Funds or Other Consideration

The information set forth below in Item 4 of this Amendment is hereby incorporated by reference. The aggregate purchase price paid by IDT for NTOP Acquisition (as such term is defined below) to acquire the Shares (as such term is defined below) was $28.5 million. IDT used cash on hand to fund the purchase of such Shares.

Item 4. Purpose of Transaction

On March 13, 2006, NTOP Acquisition, a Delaware corporation and wholly-owned subsidiary of IDT (“NTOP Acquisition”), merged with and into Net2Phone (the “Merger”). Pursuant to the Merger, the separate corporate existence of NTOP Acquisition ceased and Net2Phone remained as the surviving corporation (the “Surviving Corporation”). NTOP Acquisition acquired all of the issued and outstanding shares (the “Shares”) of common stock, par value $0.01 per share of Net2Phone (the “Net2Phone Common Stock”), and Class A common stock, par value $0.01 per share of Net2Phone (the “Net2Phone Class A Common Stock”) (other than Shares already beneficially owned by IDT), and all Shares were cancelled. Each issued and outstanding share of common stock, par value $0.01 per share of NTOP Acquisition (the “NTOP Acquisition Common Stock”) was cancelled and converted into and became one fully paid and nonassessable share of Net2Phone Common Stock. Since IDT owned 100 shares of NTOP Acquisition Common Stock prior to the Merger, pursuant to the Merger it became the owner of 100 Shares of Net2Phone Common Stock. As a result of the Merger, except for IDT and Mr. Jonas (through his ownership of shares of capital stock representing approximately 61.3% of the combined voting power of IDT) the Reporting Persons no longer beneficially own any shares of Net2Phone Common Stock or Net2Phone Class A Common Stock.

At the effective time of the Merger, the certificate of incorporation and bylaws of NTOP Acquisition became the certificate of incorporation and bylaws, respectively, of the Surviving Corporation. In addition, at the conclusion of market trading hours on March 13, 2006, the shares of Common Stock ceased trading on the Nasdaq National Market and, effective March 14, 2006, the registration of the shares of Common Stock under the Securities Exchange Act of 1934, as amended, was terminated.

A copy of the press release issued by IDT on March 13, 2006, announcing the Merger is attached as Exhibit 31.

Item 5. Interest in Securities of the Issuer

The information set forth above in Item 4 of this Amendment is hereby incorporated by reference.

Item 7. Material to be Filed as Exhibits

Exhibit 31 Press release issued by IDT Corporation, dated March 13, 2006.

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: March 14, 2006


IT STOCK, LLC

By:		NTOP Holdings, L.L.C., its member

By:		/s/ Howard S. Jonas
Name:		Howard S. Jonas
Title:		Manager

NTOP HOLDINGS, L.L.C.

By:		/s/ Howard S. Jonas
Name:		Howard S. Jonas
Title:		Manager

IDT DOMESTIC-UNION, LLC

By:		IDT Domestic Telecom, Inc., its managing member

By:		/s/ Joyce J. Mason
Name:		Joyce J. Mason
Title:		Secretary

IDT INVESTMENTS, INC.

By:		/s/ Bo Yan
Name:		Bo Yan
Title:		Acting President

IDT LMC-N2P ACQUISITION, INC.

By:		/s/ James A. Courter
Name:		James A. Courter
Title:		President

IDT LMC-N2P ACQUISITION II, INC.

By:		/s/ James A. Courter
Name:		James A. Courter
Title:		President


IDT LMC-N2P ACQUISITION III, INC.

By:		/s/ James A. Courter
Name:		James A. Courter
Title:		President

IDT DOMESTIC TELECOM, INC.

By:		/s/ Joyce J. Mason
Name:		Joyce J. Mason
Title:		Secretary

IDT TELECOM, INC.

By:		/s/ Morris Lichtenstein
Name:		Morris Lichtenstein
Title:		Chairman of the Board

IDT CORPORATION

By:		/s/ Howard S. Jonas
Name:		Howard S. Jonas
Title:		Chairman of the Board

HOWARD S. JONAS

/s/ Howard S. Jonas

EX-31 2 dex31.htm PRESS RELEASE Press Release

LOGO

Exhibit 31

CONTACT:

Gil Nielsen

IDT Corporate Communications

973-438-3553

IDT ANNOUNCES COMPLETION OF ACQUISITION OF NET2PHONE

NEWARK, NJ — March 13, 2006 — IDT Corporation (NYSE: IDT, IDT.C) today announced that its wholly-owned subsidiary, NTOP Acquisition, Inc., has merged with and into Net2Phone, Inc., a leading Voice over IP (VoIP) enabler for service providers. Net2Phone, Inc. is now a wholly-owned subsidiary of IDT.

On Friday, March 10, 2006, Net2Phone stockholders consented to the adoption of the merger agreement and the approval of the merger following a consent solicitation by Net2Phone. As of March 3, 2006, the record date for the consent solicitation, IDT beneficially owned approximately 82.5% of the outstanding equity of Net2Phone and approximately 87.2% of the outstanding voting power of Net2Phone. IDT provided its consent with respect to all of its Net2Phone shares.

The merger was completed pursuant to the Agreement and Plan of Merger previously entered into among IDT, NTOP Acquisition and Net2Phone. The remaining stockholders of Net2Phone will receive the same consideration of $2.05 per share in cash as was received by the Net2Phone stockholders who tendered in the offer. As result of the merger, shares of Net2Phone capital stock are no longer publicly traded.

About IDT

IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to retail and wholesale customers worldwide. IDT Telecom, by means of its own international telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance and domestic all-distance telephony and prepaid calling cards. IDT Entertainment is the IDT subsidiary focused on developing, acquiring, producing and distributing computer-generated and traditionally animated productions and other productions for the film, broadcast and direct-to-consumer markets. IDT Capital is the IDT division principally responsible for the Company’s initiatives in brochure distribution, retail energy and new technologies. Net2Phone, Inc., a subsidiary of IDT Corporation, is a provider of high-quality global retail Voice over IP services and offers a fully outsourced cable telephony service to cable operators allowing cable operators to provide residential phone service to their subscribers.

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.

About Net2Phone

Net2Phone provides VoIP PacketCable, SIP and wireless solutions around the world. As a leader in turn-key hosted VoIP telephony services, Net2Phone has routed billions of VoIP minutes globally, servicing more than 100,000 users in the US as well as hundreds of thousands of more overseas. Net2Phone provides partners with a SIP-based broadband telephony solution, calling cards, prefix dialing and enterprise services in over 100 countries. Net2Phone’s PacketCable platform provides cable operators with the ability to deliver a high quality primary line-type service with features such as emergency calling. For more information about Net2Phone’s products and services, please visit www.net2phone.com.

GRAPHIC 3 g92493image1.jpg GRAPHIC begin 644 g92493image1.jpg M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$" M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#_\``$0@`5``_`P$1``(1`0,1`?_$`-$```("`@(#```````` M``````D*"`L&!P$$``,%`0`"`04!`0$`````````````!P@"`P4&"0$$"A`` M``8!`@,#!P0+!1D``````0(#!`4&!Q$(`!()(106,4$B$Q47"E&!(SEA<=$R M-%8GE[<9>9$SUC>XH<&"DD.S)%1TA"5UM=4V9G:V5Z<86'@I.A$``0($!`0# M`P@%"P4``````0(#`!$$!2$2!@1N8_/- M=_\`.O!!&34_>;U$+_88^J5/=YN-D;!+*>HC6#S/\Y`D>N#"`$:I2%ALT5&` MY6$="$,L4QQ[`U'C#WV\6ZPVY=UN[H8MC0)<=]2BA(YAM*25^Z:9>V/II::H MK'A34P"G5&02>?G$P@HW7I]$2V/>TY^>U]_#;B__`!B]M?\`NZT?U'?[,4?\:ZP_TOXQYX&Z]/XQ;W/S MVOOX;<'\8O;7_NZT?U'?[,'_`!KK#_2_C$;\Z9[ZK>W-Y&P>;=P&[?&DU8X5 M]-5YE.YHLIUY*,:+'8KR#88VQOR`BW?!ZLPF$!`WFX9^A]S-$;I6RJON@KE3 MW*W4ZD,E;((3F402/4`01*1^$8&\Z?K]/NLT]R9Z%2]/T>`'`^`EY`1KZ1-1QYR^2*V;(G\860!_P!>;?V_8"Q26H_: M#@4E*4M.'Z+CI3Y2$OC./$'!15P3Q@CVPKI8Y)WGP[G)4[:R8HPJTD%XME91 MBO;5FN3I382L1I>C MITW;6JD#JLYBENG)3-*G5((("N,N4-31>U5YU2E-:\M#%I5P7Q5[,HH8:W&VZ4"SU+M8TD%9SYU!/LF9B4YX09+:UN]P?N^HREPQ%:0D`:@.@^CH&NG:'VPX3JW%(/4ZA53RY&9'MC:G5?X1/RF%2_B&=! MS3@`!\@88M1M`$Q0$Q;DJ8!$`,`#V_,/'9_\L+*=N]4*2LNA5XI4S/@6B9`< MB#S&,12WTSC4%N4OZ?36?DG*',%_JD0_9^-OT`)_6[W$PZCR@`>(9+41'MT#M[?L#QDVV@AYLOJ`I MD+0E$_K.',9#X12Z0BG?+4UK4`H>R7&&[#9I=;3>C1C?*6,TV4=98K`..&-0 M4*W3,F3FPN$S)&(X=,92:=.S%4`Q#.4P`VH!QP65HZFWA[Z:[2VL MBLT`OE<',N"E)IBZIIE>:>9,D9!*4@9XRB8R;LK36U+5;0Y2LTJ3F]JDB8\B M93A?#:KLCW4]0ZR6C(3*Y"2)B9LJ-JS9E">L$@#BR.DO:)HZ'(@FZF)R;205 M`ZB;8$6[0ATP,8@B!0Z9[Q;X;#]L=)1:9N=OI%5SU,"B@IVFT&21Z>LXI*Q- M7',I$CX0A=.:*U9KMS[VS5U#:)Y\ZE$HDHRDE(D1*6)F<(-;BS9%U1]HY$I3 M`^[;'^9H9@9%PZQ!E$]P2KTT3G`56<:[L*\J2"=F3#D36;OF1B:AS!Q`#6/< M=V<[RN*IMQ=)5>GKLHE+5=0.)6\WC,.)2PTRDDWA/\F6.7V_;@*@7"F[6BLR*V3'3E=,]=R#"(%,4F1<132BADK+57Q"BHH@D MHJNRT'FU(&H1=WV:Z^4!\8K:E'01#4!#3R\=#OROUH=V_U*6@12KN]*LJE()FT1*7/CQF)\90 MD]^5AR\4-6@$)2VXF1$CA,0YBO\`5)\OR=/QKV_;P`GV?-QTT13Y'2T5#*5D M3]ZCC\808`2QFG,$$_IBOSV48CK>?=]=BPO;RD-!9':[DJTLX43*M[,?N*_: MUH283*8-06AIA%!P02Z&`4^P>(Z=TVMKCMWM.YK:W.%)MEUIWBD3]2`?6#+E M+C&X[>6-BZ7Y=LJ3]HNG5E3QF<9>SXP7;#E2M^9NEANGV1VEN),[[3Y"VTMU M`&YU7:Z=/GC9&Q^\8)J:*KLIUNP=,VJI0Y5"BGR]H@`P'U]>+'HKO!TIW`VE MQLZ-U:EEY*T@])3]0R4/C$8*2ZN2LP'&?C#NM+#MVV_N6CZH$76CSR093"9S M3SEP`X'E$O\`HL+0CGI^XU-"I%0<(W')Z5B*8@`N-@&V.E%Q<]@&*L,6=H&A MO2`A0#S<(+O^9N2>Y>\"L6XI"J&E>9/%'W=QE)&7'%(7G$TSQ!$;CLU4L_\` MIK3"4G.VXI"B/%)Y^T3@K&@Z!]Z&@:!V"/8`::=OD[.(4T]74TR.JT1G*9I4 M!(2F`2<)C`^'&7*&NX6T_9J"E!1\O&-:96P_C/-=/=4;)U2C[/`++)OF@+D5 M0EH*6;&*JQL%7FV)D9>LV"+6*"K=ZS6072.74!$.8H[OHW7>I]`W8:@TC4&G M=,@XWCTWR?JU+`FVXV3QF58<1&)NUHI+VR6KBA+Q2NHMK9^S2H>HE,DJ M!/"4+"]V^JIRFVWIP)4DSHZQ(,VE,[)4K!9X(HC0+LPY]T<"@_1+"#U:=Q)$T]%R;8G@0,)B$=NK7:@ M?N]%07P!54AE0*TRRK3]58\,PQD<1/$`P^@N(?JE?/\`5^-//YO<`3B9K:D% M1)!"J96@*(@8;'N!Y1[-0-[#M8@(:^0 M0'B(7?:*5SMJO3+9_P#%;J$)6KPFF<,_:5:&==,*=$\Z98PP'N?AG>U;<14= M^U89+GQY/Q\1AS>3#L$15+X!=NVJ%'S4+!,IP#:RL[>[HYUM44+*J[3K\_6'V9+=I`?%U.8I'++[(?FJ;:G3.I6=8 M4N%L=);JT\LJII2H^<8KM<@V6T+=YEO;:@[1]R.Z@[K4@CWAD4IBE'41XV7>>J=WFV5M>Y#:);GZ19_"+PR1 M-2*5DD,*LY`_!;@0]3']I9FL>4AA!81./H> M<1$0-YO(`^0!\FHAQ!LA50?O#B*,FX?QU:[BI?J#6,761'"-BF'1W-[9X]=6-8Z5.OSU M4YDYR2HSX#,F4D(FDM7Z,OVJ+-1"BU)77!A-Q2G]R M7FT95NM)^BDOJ!60GF8B?NU2W"VW6DME2"ND2EQ273B2%3.6?@F0@$RR>P*/SSA0GZ>7^[D,81$Z6OUI]8_V MDW`?Y"MG$0>^L#^&"^?YK7_=#&VEQUO1S_PE?/#DU@@8>T1,O7K)%Q\]`3T6 M_A)>$E$>\,)2*E&ZC64CWR!A]4LR>M51(8HAJ`]H"`\?GVH[M5Z2U;GZL963:X7GI14P*.K!1"J'9]T.&D[\:3H&W@ZPU0:RM&'VJ'/LU5B4C`MK2HE:LOIRYIS MA0/VU-.XG2U82FN0HN43QG))XE.;W2$N?""+;587.!\#YMQA)%IV M<,:F.0QZK=44"+^U(L0`!DJ/; M48>][.WU5H3?ZZ5K:2+?=LE<@RD"MWFIV&\6F[W2(2?$)94`?.4*/? MJ8O]M0>5.L?(##F:WU2(?L_&WZ`$^.D[1.)YS/\`U*A`(_=?+\YBO(VI;AZI MM6WS!G"ZPEAL5VIK-OK554U-551!)?F`2)Y<4@D2GRC=]"7NDTSJ1-PK6RXEM!" M9$X3QY$3\X.[^O\`-KQP$0P]G4Q3=@\Z-(U,':&NA+)RAS!QR]_^:^[?2Z3E M^TZN8Q,JB<_>EHC,GD09I]D/D;]V-0]5'5&1/T4@I^4J$_,81I?/W6!V4[C< M;R>-[IA[<%&BHY:SM1MT"%)9VO'EXACF=UN^4^0+9`486"`?:*%$#`"Z(G1- MJ0^G#%VV[']]]LM0IU+;;WIZJHPUT*NE4FK7][IG)I6VI!:RN$))DI$ERB=`3-EE$N&W M5=D=W4_7Z/9KK:G:RY(-33TSHJ?O5KKPDDO4CJD8I#@81-NHBZ,Q45:`JYEW3M?Z,Q@T4`==1T"4/;GM`C9 M;:^BT/5U(J+DMUYY]P`)"U+<6Y.0D!B<)8`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`4RD3[<,8BMMELOP^41M\QDSW;4+>FE1SXF*F/U:I=,KV>05(%;E"5_0Q^NFQQ_CGO1 MNXW-#>-;,DTT&S4HW.77;4,)TL`'Y@'@@A/5\`=R=_8:N-/L?0JAV?TX_N\$$6E3CZI$O[/QK_)^ M1X((2/Z+5NJ=&ZQ5$L]WM%=IU;83>Y(CVP6J;C:[!LU'E5N+5HFZEI=PT8-S MNG"I4TRG4**BA@*&HB`<$$2DMF1L>J_$UQN24[W3%,=)[A:G(FOR=I@STL(] M+!K"/5>FLX/O896:+\HHG6[QR%5#D$>;LX(((+U)NEE@G?ONZNVYF*ZF&UW& M;"W5NA0"=1?S5*LKUAX/@"0BCLTFWR?$I.0D3D!0A`2)R!V"(CP01@F,\@]- MCH)8AR_8L3;BJ_O1WS9)JQ*S%IU)W"245&D;BJ\B(A=*KOYF$H]#8S/*]DCN M9!S*2)T$DRE["`0@A.FX6.=N" M)Q$W]E/W2AP+Y"@;0!X((:]^(0RGC"_;+^FM#T3(]#NLO6V9BV&*J5PKUDDH M'\CE/9_X:8PTB]N[-.?R:]O!!& M&?DM[L.GC;N?+Z7^B/=N3F\_]2Y>?YM>"".D'N=U[/%6NH>3P5KKKV>3SZ\$ M$?10]V?('=O'7J^8=/4>$^3FT#73U?H\VFGS<$$>[\G7G]X'D#\5O)YOFX(( MZC?W6S7@@BT"<=R_5.%_#/9_P#T!MO[7[_W3W!)?WMWKU7]!S?8X((__]D_ ` end -----END PRIVACY-ENHANCED MESSAGE-----