Covad Announces ADSL2+ Partners.

SAN JOSE, Calif. -- Covad Communications Group Inc., (AMEX:DVW), a leading national provider of integrated voice and data communications, has announced a roster of wholesale partners that are selling Covad's ADSL2+ business-class broadband service. These companies are choosing Covad because

"We are very pleased that these industry-leading companies have chosen Covad ADSL2+ to enhance their broadband portfolio," said Eric Weiss, Covad senior vice president and chief marketing officer. "Covad ADSL2+ is uniquely capable of providing the bandwidth to support the increasingly complex broadband needs of our strategic partners and their end users."

Speakeasy, a unit of Best Buy, is the latest addition to the roster of providers that have chosen Covad ADSL2+ to power their next-generation broadband services. Others include: Lightning Bolt (LB) DSL, which currently markets Covad DSL and T1 services to its base of business customers, and recently launched Covad ADSL2+ service; and New York-based Bway.net, which markets Covad ADSL2+ as "the fastest, most stable and economical bandwidth available anywhere, from any provider."

ADSL2+ has been available for several years in countries with advanced broadband infrastructures, such as South Korea and Singapore, but Covad is the first provider to deploy it widely in the US. Covad's standalone ADSL2+ is available today in Atlanta, Chicago, Dallas, Los Angeles, Miami, New York, Philadelphia, San Diego, the San Francisco Bay Area, Seattle, and Washington, DC. Three speed tiers are available: up to 8.0 Mbps, up to 10.0 Mbps and up to 15.0 Mbps. Customers within 9,000 feet of a Covad-equipped central office (CO) have access to ADSL2+ services.

ADSL2+ augments Covad's portfolio of business-class broadband offerings, which includes a Bonded T1 service that combines two T1 lines to serve businesses and distributed enterprises with fast, symmetrical data speeds of up to 3.0 Mbps and service level agreements. Covad also offers a residential ADSL2+ product with speeds of up to 8.0 Mbps as part of a bundled line-powered voice solution sold by strategic partner EarthLink in the same 11 markets as standalone ADSL2+.

"Covad brings its partners a decade-plus history of being easy to do business with," said Weiss. Covad has invested in systems and products that make it simple for partners to order, provision and support reliable and secure broadband services. Covad's broad portfolio of wireline and fixed wireless broadband, national wireline footprint, and flexible price/data speed combinations also make it possible for partners of all sizes and capabilities to resell Covad services.

ADSL2+ is available through Covad and its distribution partners. For more information on Covad's full portfolio of DSL, T1, VoIP, and broadband wireless products, call 1-888-GO-COVAD or visit www.covad.com.

About Covad

Covad is a leading nationwide provider of integrated voice and data communications. The company offers DSL, Voice Over IP, T1, broadband wireless, Web hosting, managed security, IP and dial-up, and bundled voice and data services directly through Covad's network and through Internet Service Providers, value-added resellers, telecommunications carriers and affinity groups to small and medium-sized businesses and home users. Covad broadband services are currently available across the nation in 44 states and 235 Metropolitan Statistical Areas (MSAs) and can be purchased by more than 57 million homes and businesses, which represent over 50 percent of all US homes and businesses. Corporate headquarters is located at 110 Rio Robles San Jose, CA 95134. Telephone: 1-888-GO-COVAD. Web Site: www.covad.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

The foregoing contains "forward-looking statements" which are based on management's current information and beliefs as well as on a number of assumptions concerning future events made by management. Examples of forward-looking statements include expected launches of ADSL2+ by Covad's wholesale partners as well as Covad's ability to provide the bandwidth to support the increasingly complex broadband needs of its strategic partners and their end users. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Covad's control that could cause actual results to differ materially from such statements. These risk factors include the possibility that our wholesale partners may change their strategies, our ability to rapidly expand and deploy the services described in this release and changes in technologies, among other risks. For a more detailed description of the risk factors that could cause such a difference, please see Covad's 10-K, 10-Q, 8-K and other filings with the Securities and Exchange Commission. Covad disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of Covad.