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Verizon Invested More Than $752 Million in Virginia's Wireline Communications, IT Infrastructure in 2012
Company's Innovation and Broadband, Internet Protocol Investments Are Platforms for Economic Growth
By: PR Newswire
Feb. 13, 2013 12:39 PM
RICHMOND, Va., Feb. 13, 2013 /PRNewswire/ -- Continuing to meet the growing broadband, communications and information needs of Virginia consumers and businesses, Verizon invested more than $752 million in its Virginia wireline networks and information technology infrastructure in 2012.
"The economic health of Virginia and its residents is increasingly tied to robust and modern communications networks, and Verizon's significant infrastructure investments provide a prescription for growth," said Chris Childs, area president for Verizon's Potomac region, which includes Virginia, Maryland and Washington, D.C. "Advanced networks spur innovation, commerce, business development, learning and communication at an accelerated pace.
"Our infrastructure investment breaks down traditional technological boundaries, empowering people and businesses to connect however, whenever and wherever they want. This creates opportunities that are borderless and bring great benefits to our customers, employees, suppliers and communities," said Childs.
More than half of U.S. consumers say Internet service is their home's most important convenience, according to the recent 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 Louvre from your laptop, watching TV on your tablet, or monitoring blood pressure online, our networks are helping consumers and businesses advance their own agenda and remove technological boundaries," said Childs.
Innovation That Creates Consumer Choice, Delivers Rich Customer Experiences
Verizon's major wireline infrastructure programs in 2012 included:
Next-Generation Business Solutions Delivered Today
Verizon Enterprise Solutions oversees all of Verizon's solutions for large business and government customers in Virginia and globally, including a portfolio of cloud and IT, enterprise mobility, security and advanced communications offerings. It also offers specialized solutions for key industries such as health care, retail, energy and utilities, and financial services. In addition, Verizon Enterprise Solutions includes the company's full range of global wholesale offerings.
In 2012, Verizon acquired Hughes Telematics to further the company's delivery of advanced automotive fleet telematics and machine-to-machine (M2M) services. This acquisition is enabling Verizon to accelerate new industry-specific solutions to the health care, automotive and transportation sectors.
The company also delivered new Terremark cloud services to enterprise customers, including private and hybrid cloud solutions that offer enterprise clients more flexibility, security and seamlessness in their cloud deployments. Verizon also expanded its cloud-enabled data centers in Dallas; Denver; Bogota, Colombia; Sao Paulo, Brazil; and London.
In Latin America, Verizon launched a comprehensive portfolio of managed and professional security services aimed at helping enterprises and government agencies to better manage and protect their data.
In addition, Verizon enhanced its enterprise video capabilities by deploying an "Open Video" platform, where enterprises can conduct secure, high-quality video meetings across private and public networks on multiple video platforms – including telepresence and video conferencing – on desktops and tablets. This innovative solution makes it possible to link video systems that were previously incompatible.
The financial industry benefitted from Verizon's introduction of a service that enables companies in New York and Chicago to execute trades, securely and reliably, at some of the fastest possible speeds available today. This service reduces latency – the time it takes for data sent from its entry point in the network to reach its destination.
Providing a secure platform for conducting business, the company's multiprotocol label switching-based (MPLS) private IP network expanded into six additional African countries, as well as Bahrain and Qatar in the Middle East. The expansion will make it possible for Verizon clients with locations in these emerging markets to more effectively exchange data and run global business applications.
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 News Center on the World Wide Web 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.
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