Verizon says it invested more than $752 million in Virginia’s wireline communications in 2012

Published February 13, 2013 by Paula C. Squires

Verizon said Wednesday that it invested more than $752 million in its Virginia wireline networks and information technology infrastructure in 2012. 
“The economic health of Virginia and its residents is increasingly tied to robust and modern communications networks, and Verizon’s significant infrastructure investments provide a prescription for growth,” Chris Childs, area president for Verizon’s Potomac region, said in a statement. The region includes Virginia, Maryland and Washington, D.C.  “Advanced networks spur innovation, commerce, business development, learning and communication at an accelerated pace. “

Some of Verizon’s major wireline infrastructure programs in 2012 included:
• Continued deployment of the company’s fiber-optic FiOS TV and FiOS Internet services.  At year’s end, FiOS services were available to more than 1.2 million Virginia homes and businesses.
• The introduction of breakthrough speeds with 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 . 
• Continued deployment of fiber-optic links to wireless providers’ cell sites throughout Virginia as carriers expand their infrastructure to meet growing demand for wireless broadband and advanced 4G services.  In 2012, Verizon deployed fiber optics to connect 790 of these sites in the state.