Covad 3Q07 VoIP Update

• VoIP subscription revenue $10.6 million, an increase of $0.8 million from the previous quarter.

• VoIP subscribers: Customers 2,340; Stations 56,966, Sites 4,035

• VoIP ARPU: Customers $1,665; Stations $62; Sites $926

• $3.6 million spent as on-going expenditures related to Covad VoIP services, which is being funded with the proceeds from the strategic agreement with EarthLink