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DVW .82 Covad Extends Line Sharing Agreement with AT&T
Agreement Extended to May 2009; Extends Commercial Terms to Former BellSouth Territory
Jul 26, 2007 8:30:00 AM
Copyright Business Wire 2007

SAN JOSE, Calif.--(BUSINESS WIRE)--

Covad Communications Group Inc., (AMEX:DVW), a leading national provider of integrated voice and data communications, today announced the extension of the term of the commercial line sharing agreement it has with AT&T's local telephone companies (NYSE:T). The extension concluded yesterday guarantees access to AT&T copper and remote-terminal facilities for new Covad line share customers through May 2009. The agreement also provides for commercial access to AT&T copper facilities in the former BellSouth territory, also through May 2009. Covad and AT&T also resolved a number of disputes.

"We are pleased to extend and enhance our line sharing agreement with AT&T," said Charles Hoffman, Covad president and chief executive officer. "This agreement highlights the important relationship Covad has with AT&T, our largest customer."

Line sharing allows Covad to deploy its suite of broadband services on the same line that customers use for their voice phone services.

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 expectations regarding our access to AT&T copper and remote-terminal facilities for new Covad line share customers, which 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 uncertainty in telecommunications regulations, 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.

Source: Covad Communications Group Inc.

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Covad Communications
Michael Doherty
408-952-7431 (Media)
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Michael Doherty
408-434-2130 (Investor Relations)
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or
Pinkston Group
Christian Pinkston
703-574-2137
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