Verizon reported $3.07 billion in 2001 network investments for 3 ...
Verizon reported $3.07 billion in 2001 network investments for 3 states. It said it invested $2 billion in its N.Y. telecom infrastructure in the year, which doesn’t count restoring service following Sept. 11 attacks in Manhattan. Major projects in…
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year included adding 40,000 miles of fiber cable, increasing network total to 1.15 million cable miles. It also expanded DSL availability so DSL service now was available on 70% of its access lines statewide. Verizon said it also began deployment of DSL enhancement that allowed multiple computers in home to share same DSL line. It said it invested in long distance infrastructure to serve its 2.1 million long distance customers. Verizon said I had invested total of $24 billion in N.Y., with half that amount in just over last 6 years. In neighboring N.J., Verizon said it invested $1 billion in 2001, with most of funds used to expand fiber facilities and add enhancements to its 26 switching centers statewide. It said it added 100,000 miles of fiber, raising state’s fiber total to 1.5 million miles, and expanded availability of DSL service to 4.4 million lines, or just over 50% of state’s access lines. Verizon said it also invested to accommodate competitors and prepare for interLATA long distance entry, asking the FCC for long distance authority Dec. 20. In R.I., Verizon said it invested $71 million on network improvements in 2001, adding 14,000 miles of fiber to increase state’s total to 92,000 miles. It said it also invested to prepare for long distance entry, for which it applied to the FCC Nov. 26.