MPE Bank of America Corp. Market Index Target Term Securities (Mitts) Linked TO The S&P 500 Index

Mpower Communications Creates Wholesale Division; Names Russ Shipley President of Wholesale New Wholesale Division Offers Solutions for UNE-P Providers ROCHESTER, N.Y., Feb. 4 /PRNewswire-FirstCall/ -- Mpower Communications Corp. (AMEX:MPE), a leading provider of broadband network access, data and voice services, today announced the creation of a new Wholesale division of its company. Leading this division will be Russ Shipley, formerly New Technology Officer for Mpower. This dedicated business unit of Mpower will leverage the acquisition of ICG's California wholesale customer base and statewide SONET fiber network, in addition to Mpower's own deep and dense facilities-based network of switches and nearly 300 collocation facilities. "Given our network infrastructure, broad product portfolio and the current regulatory environment, we have both the business foundation and the market opportunity to make a true impact in the wholesale space," stated Mpower Communications Chairman and Chief Executive Officer Rolla P. Huff. "We are extremely pleased to be able to tap into the expertise of a member of our management team Russ Shipley, a 20-year industry veteran and expert in the wholesale ecosystem, to lead this new business unit and focus exclusively on the needs and support of wholesale customers." With the acquisition of ICG's California business earlier this year, Mpower is already wholesale provider to many of the largest IXCs, CLECs and ISPs in the country. With access to Mpower's facilities-based distributed network architecture and broad range of products and services, wholesale customers have new opportunities to enhance or expand their business models by doing business with Mpower. "There are very few companies in a position to serve the needs of wholesale customers, especially with the breadth of services we offer this channel. From colocation, PRI and trunks to POTS line level service, we provide it all on a wholesale basis," stated Russ Shipley, newly appointed President of Mpower's Wholesale division. "With the recent FCC ruling on UNE-P service and the need for UNE-P providers to find alternative solutions, Mpower offers the network platform and products -- to individual POTS lines -- necessary for these companies to transition their business and continue to effectively serve their customers' needs." Rather than the hassles of working with the large monopoly phone companies, wholesale customers can turn to Mpower for customized solutions delivered over a complete network architecture that supports everything from integrated T1s and DS-3 to POTS service. UNE-P providers in particular can take advantage of Mpower experience in provisioning more than 1.5 million POTS lines from a dedicated POTS provisioning center with industry leading installation intervals, e-bonded order systems as well as automated provisioning and maintenance systems. In addition to POTS service, Mpower wholesale product portfolio includes: * Mpower PRI: A communications package for high call volumes * Mpower Colocation: Establish a presence in new markets quickly and cost effectively * Mpower Private Line: Local and inter-city connectivity, dedicated bandwidth between LATAs, cities and buildings * Mpower Trunks: Digital, cost-effective voice communications About Russ Shipley, President Wholesale Division, Mpower Communications Russ Shipley joined Mpower Communications in June of 2003 as New Technology Officer. During that time, Shipley has been focused on the expansion of Mpower's products and services and enhancing its network architecture. A seasoned telecommunications executive with 20 years leading engineering, technology, operations, service, construction, and business development, Shipley has held senior positions at Global Crossing and Frontier Communications. His most recent position at Global Crossing was Senior Vice President-Global Transport Network Operations. While at Frontier, Shipley led the planning, engineering and construction of the 20,000-route mile nationwide fiber optics network shared by Frontier and Qwest. He was a key player in all the major wholesale deals for that company and was instrumental in growing Frontier to one of the largest wholesale companies in the country. About Mpower Communications Founded in 1996, Mpower Communications (AMEX:MPE) is a leading facilities-based broadband communications provider offering a full range of data, telephony, Internet access and Web hosting services for retail business and wholesale customers. Further information about the company can be found at http://www.mpowercom.com/. Forward-Looking Statements Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, certain statements contained in this press release regarding our and/or management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. These forward-looking statements are not historical facts and are only estimates or predictions. Actual results may differ materially from those projected as a result of risks and uncertainties detailed from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information, or otherwise. DATASOURCE: Mpower Communications Corp. CONTACT: Investors - Gregg Clevenger, Chief Financial Officer, +1-585-218-6547, , or Media - Michele Sadwick, Vice President, +1-585-218-6542, , both of Mpower Communications Web site: http://www.mpowercom.com/

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