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AOL and Covad Communications to Offer AOL High Speed Powered by
Covad ADSL 6.0


Business Wire - May 23, 2006 08:00

DULLES, Va. & SAN JOSE, Calif., May 23, 2006 (BUSINESS WIRE) -- AOL
LLC and Covad Communications Group, Inc. (AMEX:DVW), a leading
national provider of integrated voice and data communications, today
announced that consumers will now be able to access the AOL service
with Covad's ADSL 6.0 high-speed broadband access product for as low
as $39.95 per month.

"Covad's ADSL 6.0 access product is another example of our flexible
approach to meeting consumers' needs as they move to broadband,"
said Joe Redling, president of AOL's Access Business. "Covad's
national broadband network, high quality products, and expertise in
DSL make them an ideal partner as we continue to expand our coast-to-
coast AOL High Speed offer with even more provider and access speed
options."

"This announcement signals a promising new direction in our
longstanding strategic partnership with AOL," said Charles Hoffman,
Covad president and chief executive officer. "We view ADSL 6.0 as
the first of many innovative Covad products that will help AOL
capture consumers' growing interest in moving to broadband."

Residential users will increasingly adopt high-bandwidth data
services as they accelerate their move away from dial-up, according
to Parks Associates, a leading industry and consumer research
firm. "By deploying Covad's ADSL 6.0, AOL positions itself to take
advantage of the residential user's increasing interest in high-
bandwidth data access for applications such as online gaming,
streaming video, and downloading music," said Kurt Scherf, vice
president and principal analyst, Parks Associates.

Key features of AOL High Speed with Covad ADSL 6.0 include:

-- High-Speed Access: Covad ADSL 6.0 features download speeds of up
to 6.0Mbps and up to 768K upstream.

-- Fast & Easy Setup: Plug-and-play installation makes establishing
a wireless Internet connection quick and easy.

-- Customer Service: Help that's available 24/7, including help via
phone, e-mail or instant message.

-- Safety: A comprehensive set of safety and security tools
available to keep users safer against viruses, spyware, identity
theft, and other online threats for no additional charge.

-- Content: AOL-exclusive and original programming including
commercial free radio, streaming video and music are all more
enjoyable than ever.

-- Storage: Additional benefits like unlimited email and picture
storage on AOL.

Covad currently offers ADSL 6.0 to consumers only through wholesale
partners such as AOL, who will begin offering the service this
summer. AOL members and consumers should visit
http://www.aol.com/highspeed to learn more and to sign-up.

About AOL LLC

AOL LLC and its subsidiaries operate a leading network of Web brands
and the largest Internet access subscription service in the United
States. Web brands include the AOL.com(R) website, AIM(R), MapQuest
(R) and Netscape(R). AOL offers a range of digital services in the
areas of education, safety and security, communications and music.
The company also has operations in Europe and Canada. AOL, which is
based in Dulles, Va., is a majority-owned subsidiary of Time Warner
Inc.

About Covad

Covad is a leading nationwide provider of integrated voice and data
communications. The company offers DSL, Voice Over IP, T1, Web
hosting, managed security, IP and dial-up, wireless broadband, 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 the success of the relationship described in this press
release and the adoption of high-bandwidth services by consumers.
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 ability of Covad to sell and deliver its services efficiently,
to effectively compete with other providers of voice and broadband
services, and to maintain an efficient cost structure, as well as
potential changes 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.

Covad Communications
Michael Doherty, 408-952-7431 (Media)
mdoherty@covad.com
Robert Dougherty, 408-434-2130 (Investor Relations)
investorrelations@covad.com
or
AOL
Anne Bentley or Cindy Harvey, 703-265-1746
or
Pinkston Group
Christian Pinkston, 703-574-2137
pinkston@pinkstongroup.com

Copyright Business Wire 2006
*********************************************************************
* As of Friday, 05-19-2006 23:59, the latest

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