Wednesday, October 20, 2004

Verizon Expands FTTP Sites, to Hire Up to 5,000 to Accelerate Rollout

Verizon announced FTTP deployment to homes and businesses in Delaware, Maryland, Massachusetts, New York, Pennsylvania and Virginia -- bringing to nine the total number of states where work is under way. The company had previously announced FTTP deployment in California, Florida and Texas as part its plan to pass some 1 million homes and businesses with the new technology this year. Verizon plans to pass some 2 million additional homes and businesses with the new technology next year.



Verizon expects to make an $800 million capital investment in FTTP this year.



In addition, the company said it has invested in some 40 new operations support systems to handle everything from electronic processing of customer FiOS orders to remotely diagnosing and correcting problems.



Verizon also announced plans to hire between 3,000 and 5,000 new employees by the end of 2005 to help build the network. http://www.verizon.com

  • Verizon's FiOS broadband Internet access services offer download speeds of up to 5 Mbps, 15 Mbps and 30 Mbps, with upstream speeds of up to 2 Mbps for the first two products and 5 Mbps for the third. The 5 Mbps service sells for $34.95 per month, when purchased with a package of Verizon services, and $39.95 when purchased separately.