No slowdown in broadband investment

By: Libby Jacobson

Capital investment is a key ingredient in the formula for economic growth. Unlike regular consumer and government spending (“C” and “G” in the GDP accounting identity), investment today allows the economy to produce more tomorrow, and often opens up new business opportunities that wouldn’t have existed otherwise.

Verizon is proud to be named among the country’s top “Investment Heroes of 2014” in a new report from the Progressive Policy Institute. But Verizon (#2 on the list) isn’t alone in communications or tech investment, as companies from every part of the Internet ecosystem – ISPs, hardware makers, and “edge companies” – invested billions last year to “bet on America’s future.” On the whole, telecom companies plowed an estimated $46 billion last year into their operations, leading all other industries.

The Internet ecosystem is an excellent example of how investment drives innovation: faster, smarter, more reliable networks enable new services, which in turn drive demand for more network innovations and new opportunities for investment and job and economic growth. With our top-ranked 4G LTE network and FiOS, our fiber-to-the-home network that ushered in a decade ago the push for greater use of fiber in broadband, Verizon has been a big part of the investment and innovation story.

Read the full report here [PDF]

Related reads:
USA Today
Dallas Business Journal
Hal Singer: Keep telecom investment strong by avoiding rate regulation

Libby Jacobson focuses on social, digital and external communications for Verizon’s federal legislative, regulatory, and public policy teams. Libby is also the curator and editor of Verizon’s Public Policy blog, the hub for Verizon’s positions on regulatory and legal issues surrounding the information and communications technology industry. Before joining Verizon in 2012, Libby learned the digital communications craft as an analyst with a DC-area, social media PR firm, while moonlighting as a blogger. Libby lives and works in Washington DC, and is a Verizon FiOS enthusiast.