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Verizon Invested More Than $514 Million in California's Wireline Telecommunications Infrastructure in 2013

Verizon's Investments in Broadband, IP Networks Fuel Innovation, Economic Growth

NEWBURY PARK, Calif., March 25, 2014 /PRNewswire/ -- California's consumers, businesses and government agencies continued to benefit from Verizon's 2013 investment of more than $514 million in its industry-leading fiber-optic and Internet Protocol-based networks. 

"As customers' technology needs grow more sophisticated each day, Verizon – with its strong networks and assets in California – is uniquely positioned to meet those needs," said Margaret Serjak, California region president for consumer and mass business. "Whether it is broadband, TV or voice, Verizon's best-in-class services remove traditional technological boundaries, empowering people to connect and businesses to grow however, whenever and wherever they want."

Consumers, Small Businesses Take Quantum Leap for Innovative Services

Verizon's major wireline infrastructure programs in 2013 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 in Southern California. Verizon has placed nearly 16,000 miles of fiber optics in California – enough to stretch the length of the state more than 20 times.

 

  • Enhancing the FiOS Bandwidth Effect, which enables consumers and small businesses to harness huge amounts of broadband.
    • FiOS Quantum, with speeds 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 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 versus competitors.

 

 

 

  • 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.

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 California 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.

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts and other information are available at Verizon's online News Center at newscenter.verizon.com. The news releases are available through an RSS feed. To subscribe, visit newscenter.verizon.com/corporate/feeds.

SOURCE Verizon

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