NEW YORK and HORSHAM, Pa. - Motorola, Inc. (NYSE: MOT) and Verizon (NYSE: VZ) today announced they have signed a multi-year contract for Motorola to provide video network infrastructure and consumer premises equipment related to Verizon's launch of video services on the company's new fiber-to-the-premises (FTTP) network next year. Motorola will also provide project integration and operational services.
"This exciting new network we're building will lead to a true convergence of voice, data and video services on one network," said Paul Lacouture, president-Network Services Group for Verizon. "We currently deliver voice and high-speed data over this new network, and the available bandwidth that fiber provides makes the addition of video services the next logical step. We're very pleased that Motorola will be working with us to deliver this exciting new service to Verizon customers beginning next year."
"Motorola and Verizon have enjoyed a long-standing relationship across a variety of technology platforms and services. Today, we are pleased to strengthen our affiliation with a new initiative, as Verizon moves toward becoming a provider of video services," said Daniel M. Moloney, Motorola executive vice president, and president, Broadband Communications Sector. "Motorola's unique combination of technology, experience and innovation in the deployment of video solutions will ensure this endeavor is a successful one."
Motorola's newly-formed Telecom Access Solutions business will provide Verizon project management and operational and integration services. A part of the company's Broadband Communications Sector, this business enables telecommunication service providers to deliver triple-play services over a variety of network architectures and access platforms, including copper, fiber and fixed broadband wireless networks.
Motorola has provided the telecom industry with video infrastructure technology for over ten years. The company delivers over 700,000 independent streams of digital video, representing over 90% of the North American installed base of xDSL video service.
Verizon has announced it will pass some 1 million homes and businesses with the new FTTP network this year, in parts of nine states. In 2005, the company expects to double its FTTP deployment and launch its first video services over the new network.
Motorola, Inc. (NYSE: MOT) is a global leader in wireless, broadband and automotive communications technologies that help make life smarter, safer, simpler, synchronized and fun. Sales in 2003 were U.S. $27.1 billion. Motorola creates innovative technological solutions that benefit people at home, at work and on the move. The company also is a progressive corporate citizen dedicated to operating ethically, protecting the environment and supporting the communities in which it does business. For more information: www.motorola.com.
A Dow 30 company, Verizon Communications (NYSE:VZ) is one of the world's leading providers of communications services, with approximately $68 billion in annual revenues. Verizon companies are the largest providers of wireline and wireless communications in the United States. Verizon is also the largest directory publisher in the world, as measured by directory titles and circulation. Verizon's international presence includes wireline and wireless communications operations and investments, primarily in the Americas and Europe. For more information, visit www.verizon.com.
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