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Verizon Invested More Than $649 Million in New Jersey's Wireline Telecommunications Infrastructure in 2013
Wednesday, March 19, 2014
Verizon Invested More Than $649 Million in New Jersey's Wireline Telecommunications Infrastructure in 201311:22 EDT Wednesday, March 19, 2014
Verizon's Investments in New Jersey Leverage the Latest Technologies to Expand Consumer Choice, Fuel Innovation, Economic Growth
NEWARK, N.J., March 19, 2014 /PRNewswire/ -- New Jersey's consumers, businesses and government agencies continued to benefit from Verizon's 2013 investment of more than $649 million in its industry-leading fiber-optic and Internet Protocol-based networks. In the last five years, Verizon New Jersey has invested more than $4 billion in its wireline telecommunications infrastructure.
"As one of the leading investors of capital in New Jersey, Verizon is continually enhancing our networks to leverage the latest technologies to meet our customers' needs and to fuel the Garden State's economic development and growth," said Paul Sullivan, region operations president for Verizon New Jersey. "It's exciting to imagine how the next wave of technological innovations will transform the way people communicate, and Verizon has the network infrastructure in place to meet the ever-growing demands of an interconnected world."
Consumers, Small Businesses Take Quantum Leap for Innovative Services
Verizon's major wireline infrastructure programs in 2013 included:
- Continuing the 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 2 million homes and businesses in New Jersey. Verizon has placed more than 22,000 miles of fiber optics in New Jersey and has continued the construction of its fiber network in the Newark and Paterson areas.
- Enhancing the FiOS Bandwidth Effect, which enables consumers and small businesses to harness huge amounts of broadband.
- FiOS Quantum, with speeds of up to 500 Mbps down and 100 Mbps up, is America's fastest Internet. Other Quantum speeds include 300/65 Mbps, 150/65 Mbps, 75/35 Mbps and 50/25 Mbps. All Quantum tiers offer upload speeds that rival or exceed most download speeds offered by competitors.
- The ultra-fast speed helps delivers technology that gives people the best way to stream videos, conduct video chats and use multiple Internet devices simultaneously, among other bandwidth-intensive applications.
- Multi-player gaming advantages with tremendous speed vs. competitors.
- Delivering FiOS TV anytime, anywhere on a variety of devices:
- The FiOS Mobile App allows customers to manage their Verizon account and their lives ? wherever they are ? on a variety of Internet-connected devices. Best of all, they can watch up to 31 channels outside the home and 91 channels inside the home, depending upon their TV package.
- FiOS TV Online, offering 71 channels over a broadband-connected PC, laptop, tablet or smartphone.
- Advanced, interactive search and navigational experience.
- Multi-Room DVR.
- Advanced, interactive TV Apps, ranging from sports to news to social networking to games and entertainment.
- Industry-leading 70,000-plus FiOS On Demand video titles customers can rent or own, plus premium on-demand content packages with sports, movie and international programming.
- Comprehensive choice including month-to-month plans and multiyear bundles.
- In-Home Agent application for automated self-service.
- Advanced, FiOS Digital Voice home phone service.
- Investing in superior customer experiences: Verizon has improved phone service reliability for more than 500,000 customers who had repeat repair calls on their Verizon landline phone service by moving their service from copper to the company's advanced, all-fiber infrastructure. Nationwide, Verizon now serves more landline customers on its all-fiber infrastructure than on its legacy copper network. Fiber is less susceptible than copper to moisture and water damage and offers a better overall service experience.
- In addition, Verizon in 2013 invested in an ambitious alternative energy project in New Jersey, using solar and fuel cell energy to provide power for several company facilities in the state, including the Verizon Center in Basking Ridge.
Enterprise Business Solutions Tailored to Meet Client Needs
Verizon Enterprise Solutions oversees all of Verizon's solutions for large-business, wholesale and government customers in New Jersey and globally, including a portfolio of cloud and IT, enterprise mobility, security and advanced communications offerings. Its key client segments include healthcare, manufacturing and automotive, financial services and large government agencies. In 2013, Verizon:
- Acquired EdgeCast and the assets of upLynk to further the company's delivery of media and entertainment services. These acquisitions enable Verizon to enhance delivery of end-to-end video solutions for best-in-class TV Everywhere and superior experiences to customers such as studios, broadcasters, retailers and enterprises that seek high-performance digital experiences across all devices.
- Announced its next-generation public cloud platform, Verizon Cloud. Verizon Cloud offers large enterprises, mid-size companies and small development shops the agility and economic benefit of a generic public cloud along with the reliability and scale of an enterprise-level service with unprecedented control of performance and security. Verizon Cloud is currently in beta.
- Launched Converged Health Management, a remote patient-monitoring medical platform designed to help clinicians and patients manage patients' health in between doctor visits. Verizon's newest solution addresses the day-to-day communications gap that has historically existed between patients and clinicians.
- Introduced Managed Wireless ATM, a fully managed, wireless automated teller machine solution that banks can deploy to their remote ATMs, at events or for business continuity planning.
- Rolled out "In Drive" service in conjunction with insurance companies. In Drive, developed by Verizon Telematics, offers drivers an opportunity to save money on auto insurance, based on their driving habits.
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 nearly 103 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. A Dow 30 company with more than $120 billion in 2013 revenues, Verizon employs a diverse workforce of 176,800. For more information, visit www.verizon.com.
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