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TMCNet:  Verizon makes over USD752m investment in Virginia's wireline communications and IT infrastructure in 2012

[February 14, 2013]

Verizon makes over USD752m investment in Virginia's wireline communications and IT infrastructure in 2012

Feb 14, 2013 (M2 EQUITYBITES via COMTEX) -- Broadband and other wireless and wireline communications services Verizon Communications (NYSE:VZ)(Nasdaq:VZ) announced on Wednesday an investment of over USD752m its Virginia wireline networks and information technology infrastructure in 2012.

Verizon's major wireline infrastructure programmes in 2012 in the region included continued deployment of its 100% fibre-optic FiOS TV and FiOS Internet services. At the end of 2012, FiOS services were reportedly available to over 1.23 million Virginia homes and businesses.

Also, the company introduces 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).

Verizon's continued FiOS innovation during 2012 included FiOS TV anytime, anywhere, on a variety of devices; 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 with the addition of 28 new channels: over 17,000 video-on-demand titles, including free VOD from NBA TV and a significant expansion to its free on-demand offerings from TBS, TNT, Cartoon Network and Showtime.

In addition, Verizon continued the deployment of fibre-optic links to wireless providers' cell sites throughout Virginia as these carriers expanded their infrastructure to meet the ever-growing demand for wireless broadband and advanced 4G services. In 2012, Verizon has reportedly deployed fibre optics to connect 790 of these sites in the state.

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