LYNN, Mass. -- Verizon Communications is investing nearly $4.7 million to expand and upgrade its telecommunications network in the Lynn area. This represents one of Verizon's largest capital commitments in New England in recent years.
The investment includes upgrades to the main call-routing center in Lynn combined with the installation of more than 30 miles of fiber-optic cable in Lynn, Salem, Saugus, Revere and Nahant.
The project, scheduled to be completed by the end of 2001, will provide additional capacity, reliability and survivability in the Verizon network. Fiber-optic systems use hair-thin glass strands and digital technology to deliver high quality telephone services along with high-capacity/high-speed voice and data services.
"This substantial commitment to expand and strengthen the network that serves our business and residential customers in and around Lynn demonstrates that Verizon recognizes the robust growth that is taking place in this area of the state," said Robert Mudge, president of Verizon Massachusetts. "We are keenly aware that greater Lynn is participating in the unprecedented demand for telecommunications services that prevails throughout most of Massachusetts."
Nationwide, Verizon invests more than $12 billion annually in its telecommunications network, which is one of the most advanced in the world and features an industry-leading 8.3 million miles of fiber-optic systems.
In Massachusetts, Mudge said this commitment to advanced technology includes:
- More than $4 billion in network investment since 1995 including $800 million this year.
- An 85 percent increase in miles of fiber-optic cable from 325,000 miles in 1995 to about than 700,000 in 2000.
- The latest digital technology systems in all 274 call-routing centers throughout the state.
- Availability of Verizon's DSL (digital subscriber line) service to more than 1.2 million households and more than 2.5 million phone lines statewide. DSL, which was launched in Massachusetts in April 1999, is a high-speed connection to the Internet that enables users to connect to cyberspace at speeds much faster than today's fastest analog modems.
"We are proud of our critical role in assuring that Massachusetts continues to have one of the nation's most advanced telecommunications networks," said Mudge. "This infrastructure will help our state, its businesses, schools and consumers to succeed in the new millennium."
Verizon Communications Inc. (NYSE: VZ), formed by the merger of Bell Atlantic and GTE, is one of the world's leading providers of communications services. Verizon companies are the largest providers of wireline and wireless communications in the United States, with more than 101 million access line equivalents and more than 26 million wireless customers. A Fortune 10 company with more than 260,000 employees and approximately $60 billion in 1999 revenues, Verizon's global presence extends to 40 countries in the Americas, Europe, Asia and the Pacific. For more information on Verizon, visit www.verizon.com.