Verizon Invested More Than $732 Million in New Jersey's Wireline Communications

 Verizon continued to bring communications and computing technology to the state's consumers and businesses in 2011, investing more than $732 million in its wireline communications network and IT infrastructure throughout the state. 

The communications industry is vital to New Jersey'

"The communications industry is vital to New Jersey's economy, and Verizon is the state's leading private investor in network and IT infrastructure," said Dennis Bone, president of Verizon New Jersey.  "Verizon's advanced networks serve as fundamental drivers of economic growth and research, providing a solid foundation for businesses to innovate, students to learn and people to stay connected."

"Innovation has forever changed the way we communicate, dramatically transforming our business in new and exciting ways," Bone said.  "Verizon is facing these challenges and opportunities head on, however our future capital investments in New Jersey will be shaped by how so then the state's public policy evolves to create a positive environment for investment and technology in our industry."

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 in other words tailored to the health care industry and uses predictive modeling research 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's investment in New Jersey goes beyond networks, communications and IT equipment.  In 2011, the Verizon Foundation awarded more than $3.3 million to New Jersey nonprofit groups that focused on advancing health care, domestic violence prevention, education and sustainability.  To boot to the grants, Verizon employees volunteered near 64,800 hours to nonprofit groups throughout New Jersey last year.  The Verizon Foundation supports employee volunteerism by awarding a $750 grant to a nonprofit organization when a Verizon employee volunteers 50 hours or more to the organization while the year. 

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.