Verizon Communications Invested Billions in Telecommunications Infrastructure in 2013 in Several US States
Verizon Communications revealed it spent billions on improving wireline telecommunications infrastructure in 2013 in various states.
New York and Connecticut received the heaviest amount of investments totaling over $1.6 billion. According to Verizon, it has spent an excess of $1 billion each year since 1995 to further "build, refine and modernize" land-based communications infrastructure in Connecticut and New York.
"Our customers in these markets - both residential and business -- require some of the most sophisticated and complex, yet simplified and easy-to-use communications tools," said Verizon's Consumer and Mass Business in the Northeast President Kevin Service. "And Verizon's networks and its employees stand ready to meet those customers' needs."
Service added that no other company is as "deeply tied" to the economy and resident of the Connecticut and New York region as Verizon.
He said, "Our advanced networks enable new businesses to grow, small businesses to percolate, give schools and educators a platform for learning, and provide families a means to connect."
Although Superstorm Sandy cause damage to some infrastructure elements in New York, Verizon utilized the opportunity to install fiber-optic technology, notably in lower Manhattan and coastal neighborhoods in Brooklyn such as Coney Island and Sheepshead Bay. Queens also received fiber-optic technology in Belle Harbor and Breezy Point as did locations in Long Island.
Meanwhile, New Jersey businesses, consumers, and government agencies received investments worth more than $649 million from Verizon. According to the telecommunications company, Verizon invested more than $4 billion in New Jersey for wireless 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 Verizon New Jersey's Region Operations President Paul Sullivan. "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."
Meanwhile, Pennsylvania received more than $437 million of Verizon's investments.
"As technology rapidly transforms Pennsylvania, Verizon continues to build the networks of the future, investing in the most advanced technologies to ensure our customers have the best service experience possible every day," said Verizon's Region President for Consumer and Mass Business Operations for Pennsylvania/Delaware Tim Smith. "Whether it's voice, broadband or TV service for the home or the services needed to grow a business, Verizon offers a broad array of products and services to meet the unique needs of our customers, and our networks help position Pennsylvania to be competitive nationally and globally, to grow existing jobs and attract new ones."
Verizon investments continued in Delaware with $50 million. In West Central Florida, the Tampa Bay region received more than $336 million of investments in 2013. In Virginia, Verizon invested more than $711 million. The state received over $3.7 billion in the last five years from Verizon.
The investments were all part of the company's steps to enhance its FIOS Bandwidth, FIOS TV and Internet services, and advance its Digital Voice home phone service.
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