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Verizon Invested More Than $549 Million in California Wireline Communications, IT Infrastructure in 2012

^{Published on 2013-03-19 09:00:35 - Market Wire}
 

Verizon Invested More Than $549 Million in California Wireline Communications, IT... -- NEWBURY PARK, Calif., March 19, 2013 /PRNewswire/ --

NEWBURY PARK, Calif., March 19, 2013 /PRNewswire/ -- Verizon's powerful networks continue to meet the growing broadband, communications and information needs of California consumers and businesses, as the company invested more than $549 million in its California wireline networks and information technology infrastructure in 2012. 

"Robust and modern communications networks play an increasingly important role in the economic health of California and the people who live and work here, and Verizon's substantial infrastructure investments provide an economic engine for growth," said Margaret Serjak , president of Verizon California. "Advanced networks spur innovation, commerce, business development, learning and communication at an accelerated pace.

"Our infrastructure investment breaks down traditional technological boundaries, providing powerful solutions that enable people and businesses to connect however, whenever and wherever they want.  This creates opportunities that are borderless and that bring great benefits to our customers, employees, suppliers and communities in the Golden State," said Serjak.

More than half of U.S. consumers say Internet service is their home's most important convenience, according to the [ Verizon FiOS Innovation Index ]– a series of consumer research surveys.  More than 50 percent of all survey respondents also indicated an interest in remote health monitoring and virtual medical visits, which are enabled by ultra-high-speed networks and innovative applications.

"Whether it's touring the Smithsonian National Museum from your laptop, watching TV on your tablet, or monitoring blood pressure online, the power of our networks is helping consumers and businesses advance their own agenda and remove technological boundaries," said Serjak.

Innovation That Creates Consumer Choice, Delivers Rich Customer Experiences

Verizon's major wireline infrastructure programs in 2012 included:

• Continued deployment of the company's award-winning, 100 percent fiber-optic [ FiOS TV ] and [ FiOS Internet ] services.  At year's end, FiOS services were available to more than 1.4 million California homes and businesses.
• The introduction of breakthrough speeds with [ FiOS Quantum Internet ] for consumers and small businesses, featuring download/upload speeds of 50/25, 75/35, 150/65 and 300/65 megabits per second (Mbps).  The two highest downstream speed offers – 150 and 300 Mbps – and the new 65 Mbps upstream speed are some of the nation's fastest mass scale Internet speeds available.  (This [ FiOS Internet speed grid ] shows specific examples of the benefits of faster downstream and upstream speeds.)
• Continued FiOS innovation:
  • [ FiOS TV ] anytime, anywhere, on a variety of devices, including [ Flex View ] and [ FiOS TV Online ], to which Verizon added 12 new brands, representing more than 50 channels, including Showtime, FOX, VH1, NFL Network and NFL RedZone.
  • [ TV beyond the set-top box ], featuring 75 live, linear channels delivered via Xbox, iPad and an array of Samsung and LG smart TVs and Blu-ray players.
  • Content enhancement by adding 28 new channels such as BBC HD; more than 17,000 video-on-demand titles, including free VOD from NBA TV; and a significant expansion to Verizon's free on-demand offerings from TBS, TNT, Cartoon Network and Showtime.  FiOS TV now offers more than 50,000 VOD titles each month.
• Investing in superior customer experiences: More than 200,000 Verizon customers nationwide who had repeat repair calls on their landline phone service moved their service from Verizon's copper network to the company's all-fiber infrastructure, which is less susceptible than copper to moisture and water damage and offers a better service experience.
• Continued deployment of fiber-optic links to wireless providers' cell sites throughout California as these carriers expand their infrastructure to meet ever-growing demand for wireless broadband and advanced 4G services.  In 2012, Verizon deployed fiber optics to connect 153 of these sites in the state. 

(NOTE: Verizon Wireless infrastructure investment information can be found at [ http://news.verizonwireless.com/news/index.html?type=News+Releases ].)

Verizon Communications Inc. (NYSE, Nasdaq: [ VZ ]), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers.  Verizon Wireless operates America's most reliable wireless network, with more than 98 million retail connections nationwide.  Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500.  A Dow 30 company with nearly $116 billion in 2012 revenues, Verizon employs a diverse workforce of 183,400.  For more information, visit [ www.verizon.com ].

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's online News Center at [ www.verizon.com/news ].  To receive news releases by email, visit the News Center and register for customized automatic delivery of Verizon news releases.

SOURCE Verizon