NEWARK, N.J., April 23, 2015 /PRNewswire/ -- New Jersey's consumers, businesses and government agencies continued to benefit from Verizon's 2014 investment of more than $547 million in its industry-leading fiber-optic and wireline networks.
In addition, Verizon Wireless invested more than $640 million in its New York metro region, which includes northern New Jersey, and more than $270 million in its Philadelphia Tri-State region, which includes southern New Jersey. The investments have given Verizon's customers improved data speeds and enhanced network capacity within the regions. Verizon Wireless also continued to expand its industry-leading 4G LTE and XLTE networks across the regions, to deploy small cells and distributed antenna systems in high-traffic areas, and to begin rolling out Voice over LTE (VoLTE) technology.
"Verizon is committed to driving economic growth in New Jersey through the ongoing, significant network investments we are making," said Paul Sullivan, president of Verizon's Mid-Atlantic North region. "The economic health of New Jersey is increasingly tied to robust and modern communications networks, and Verizon is strengthening communities by helping to move the state into an era of advanced technologies and communications services.
"As one of the largest private capital investors in the state, Verizon continues to upgrade and strengthen our networks to enhance the customer experience and to keep a step ahead of the trends that are driving growth in our industry. This creates opportunities to drive innovation and use the power of our network assets to create unique communications solutions for our customers across the Garden State," said Sullivan.
Fiber-optic networks strengthen communities, and last year Verizon continued deployment of its 100 percent fiber-optic network, with its FiOS TV and FiOS Internet services. At year's end, FiOS services were available to more than 2.1 million homes and businesses across New Jersey. Verizon has placed more than 22,000 miles of fiber-optic cables in New Jersey – enough to connect Newark to Camden and back 125 times.
Verizon's Major 2014 Wireline Infrastructure Programs
The Fastest, Most Reliable Internet Service Got Even Better in 2014
No More DVR Battles, and TV Went Everywhere
Investing in Superior Customer Experiences
Thank You for Making Us No. 1 (Again)
Customers ranked Verizon Highest in Customer Satisfaction with Very Small Business Wireline Service in the J.D. Power "J.D. Power 2014 U.S. Business Wireline Satisfaction Study." And for the second straight year, FiOS Internet was rated No. 1 in the 2014 American Customer Satisfaction Index. In addition, customers made Verizon FiOS Internet the recipient of PC Magazine's Readers' Choice Award for the ninth consecutive year.
Providing End-to-End Solutions for Video Customers
Verizon has combined powerful assets to further the company's delivery of media and entertainment services through its Verizon Digital Media Services business unit.
With its next-generation platform and global content delivery network, Verizon Digital Media Services delivers end-to-end video solutions for best-in-class TV Everywhere and superior experiences to any device, anywhere, at any time. The interplay of assets seamlessly orchestrated among a secure media cloud, an agile video backbone and responsive intelligent edges delivers flexible and robust video solutions.
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 2014, Verizon:
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 108.6 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 worldwide. A Dow 30 company with more than $127 billion in 2014 revenues, Verizon employs a diverse workforce of 176,200. For more information, visit www.verizon.com/news/.
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