Verizon makes over USD549m in California wireline communications, IT infrastructure in 2012
Mar 20, 2013 (M2 EQUITYBITES via COMTEX) --
Provider of broadband and other wireless and wireline communications services Verizon Communications Inc (NYSE:VZ) (Nasdaq: VZ) announced on Tuesday an investment of over USD549m in its California wireline networks and information technology infrastructure in 2012.
Verizon's major wireline infrastructure programmes in 2012 included continued deployment of its 100% fibre-optic FiOS TV and FiOS Internet services. At the end of 2012, FiOS services were available to over 1.4 million California homes and businesses.
These infrastructure programme also included the introduction of 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) and Verizon's FiOS TV anytime, anywhere, on a variety of devices, including Flex View and FiOS TV Online, to which Verizon added 12 new brands, representing over 50 channels and 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.
Also, content was enhanced with the addition of 28 new channels such as BBC HD, over 17,000 video-on-demand titles, including free VOD from NBA TV and a significant expansion to Verizon's free on-demand offerings from TBS, TNT, Cartoon Network and Showtime. FiOS TV reportedly now offers more than 50,000 VOD titles each month.
In addition, Verizon invested in superior customer experience and continued the deployment of fibre-optic links to wireless providers' cell sites throughout California as these carriers expanded their infrastructure to meet the ever-growing demand for wireless broadband and advanced 4G services. In 2012, Verizon reportedly deployed fibre optics to connect 153 of these sites in the state.
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