Verizon Invested More Than $500 Million in Massachusetts' Wireline Communications

Annually one of the largest investors in the Massachusetts economy and infrastructure, Verizon continued to bring communications and computing technology to the Bay State's consumers and businesses in 2011.  Verizon invested more than $500 million in its Massachusetts wireline communications networks and IT infrastructure last year. 

"A strong and vibrant Verizon is crucial to the economic so then-being of Massachusetts and its residents," said Manuel J. Sampedro, region president of consumer and mass business markets for Verizon.  "Verizon's advanced networks enable commerce to thrive, businesses to open new markets, students to learn and parents to stay in touch with their children.

"No other company is as interwoven with daily life in Massachusetts.  And no other company invests in Massachusetts like Verizon, providing an engine for economic growth through our aggressive wireline and wireless network and IT deployment," said Sampedro.  "Our significant infrastructure investment is removing traditional technological boundaries, empowering people and businesses to connect nevertheless, whenever and wherever they want.  This borderless lifestyle brings great benefits to our clients, employees, suppliers and communities."

In addition, Verizon opened its Verizon LTE (Long Term Evolution, latest standard in the mobile network technology) Research Center in Waltham in 2011. The Center is designed to enable and showcase products, services and solutions that take advantage of the power, speed and reach of Verizon's 4G LTE (Long Term Evolution, latest standard in the mobile network technology) wireless network. The Center as well encompasses laboratory space where engineers and developers from across the 4G LTE (Long Term Evolution, latest standard in the mobile network technology) ecosystem can create and build a new generation of connected products - the kind of solutions that will help drive the growth of 4G LTE (Long Term Evolution, latest standard in the mobile network technology).  More than 300 research experts work at the Verizon LTE (Long Term Evolution, latest standard in the mobile network technology) Technology Center.  

Verizon Enterprise Solutions oversees all of Verizon's solutions for business and government clients, including its portfolio of enterprise mobility, cloud and IT, strategic networking and advanced communications offerings; specialized solutions for key industries just as health care, travel and transportation, retail, utilities and financial services; IT consulting services; and the company's full range of global wholesale offerings.

In 2011, the unit launched the Verizon Fraud Management for Healthcare, an advanced-software platform tailored to the health care industry that uses predictive modeling innovation to examine health care payment requests and route potentially fraudulent claims to case managers for investigation.  Just in case, Verizon Enterprise Solutions continued to implement its "everything-as-a-service" strategy with the acquisition of Terremark, a leading provider of cloud computing solutions.  Security offerings and a host of industry-specific innovations were as well launched.

Verizon Communications Inc., headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale clients.  Verizon Wireless operates America's most reliable wireless network, with near 109 million total connections nationwide.  Verizon as well provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to clients in more than 150 countries, including all of the Fortune 500.  A Dow 30 company with $111 billion in 2011 earnings, Verizon employs a diverse workforce of almost 194,000.  For more information, visit www.verizon.com.