Verizon’s Strigl Says Communications Industry Is Key Force Driving Progress, Commerce and Lifestyles
Posted on June 18, 2008
Filed Under mobile phones
LAS VEGAS, June 18 /PRNewswire/ — The communications industry is a
vital force in the nation’s progress, and is positioned to deliver even
more innovation, more services, and more safety and security, said Denny
Strigl, Verizon’s president and chief operating officer, in a keynote
address Wednesday (June 18) at the NXTcomm trade show here.
With growth occurring everywhere in network technology, “We think that
giving customers the tools to manage their digital lives — anytime,
anywhere, on any device — may be the most powerful growth opportunity of
all,” Strigl said.
Reviewing technologies that support video and data, wired and wireless
transport, Strigl cited Verizon’s FiOS Internet and FiOS TV services, along
with the company’s advanced wireless services, as examples of the
industry’s progress.
After announcing that Verizon next week will offer all of its FiOS
Internet customers download speeds of 50 megabits per second (Mbps) with 20
Mbps upstream, Strigl looked forward: “We’ve already had trials of the
100-megabit home, which will be a reality faster than anybody thinks,” he
said. “We’re also pushing the envelope on the speed of the Internet
backbone — with 40-gigabit-per-second speeds a reality today and 100
gigabits in sight.
“These speeds are transforming global businesses the same way fiber is
transforming broadband to the home,” he said. “New services like virtual
reality videoconferencing and on-demand software are helping multinational
companies save energy, improve efficiency and manage their global workforce
– and there is much more on the way.”
Reinforcing the global nature of modern networking, Verizon Business
announced Wednesday that it is expanding and strengthening its unified
communications and collaboration services to help multinational companies,
faced with dramatically rising travel costs, collaborate better and improve
their business processes. Unified communications uses Internet protocol
networks to integrate voice, data and video communications and devices,
allowing for more effective and efficient communications.
(Note: For more details on the 50Mbps and unified communications
announcements, see separate news releases at
http://newscenter.verizon.com/press-releases/verizon/2008/verizon-extends.h
tml and http://newscenter.verizon.com/press-releases/verizon/2008/verizon-
business-makes.html, respectively. Due to the length of the URL, please
copy and paste into your browser.)
Strigl also noted that America leads the world in the number of
broadband connections and in choice and competition for broadband services.
Furthermore, Verizon’s fiber-optic deployment is progressing faster,
passing twice as many homes with more fiber customers than exist in all of
Europe.
In wireless, too, the U.S. is leading other countries, with more
minutes, lower prices and more choice of providers.
“What the U.S. communications industry has achieved in deploying
broadband and mobile networks is tremendous,” Strigl said. “Unlike most
other nations, we’ve done this not through industrial policy but through
private investment. Our industry has grown, delivering innovation that
makes a difference in the lives of our customers. The benefits have rippled
through the entire economy and up and down the whole supply chain –
creating millions of high-tech jobs and billions of dollars in value.
“‘More’ is what our industry is delivering to customers and America,”
Strigl said. ‘More’ is what Verizon is going to bring to the marketplace
this year, next year and every year after that. And ‘more’ is what
broadband and mobile technologies will mean to society as we enter the next
phase of the digital revolution.”
Verizon Communications Inc. (NYSE: VZ), headquartered in New York, is a
leader in delivering broadband and other wireline and wireless
communication innovations to mass market, business, government and
wholesale customers. Verizon Wireless operates America’s most reliable
wireless network, serving more than 67 million customers nationwide.
Verizon’s Wireline operations include Verizon Business, which delivers
innovative and seamless business solutions to customers around the world,
and Verizon Telecom, which brings customers the benefits of converged
communications, information and entertainment services over the nation’s
most advanced fiber-optic network. A Dow 30 company, Verizon employed a
diverse workforce of approximately 232,000 as of the end of the first
quarter 2008 and last year generated consolidated operating revenues of
$93.5 billion. For more information, visit http://www.verizon.com.
VERIZON’S ONLINE NEWS CENTER: Verizon news releases, executive speeches
and biographies, media contacts, high-quality video and images, and other
information are available at Verizon’s News Center on the World Wide Web at
http://www.verizon.com/news. To receive news releases by e-mail, visit the
News Center and register for customized automatic delivery of Verizon news
releases.
SOURCE Verizon
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