Business Council member Verizon recently announced that the company spent $1.6 billion on fiber-optic and Internet Protocol-based networks in New York and Connecticut in 2013. The company said that much of the money was used to replace cables and other infrastructure that was destroyed during Superstorm Sandy.
Verizon also highlighted an agreement that it reached with New York City last year to conduct a pilot program of “microtrenching,” which enables its technicians to install fiber-optic cables in a manner that is much less disruptive to streets and sidewalks.
Kevin Service, Verizon’s president for consumer and mass business in the Northeast, said, “Our network investments in New York and Connecticut provide an engine for economic growth through our aggressive wireline and wireless networks and IT deployment. No other company is as deeply tied on a daily basis to the residents and the economy of the region as Verizon. 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.”
Read more about Verizon’s major wireline infrastructure programs in 2013 on Verizon’s website.