BASKING RIDGE, N.J. - Large-business customers seeking to invest in critical communications infrastructure to help enhance network and application performance, boost employee productivity and collaboration, and secure sensitive data now have an even greater incentive to complete their projects by the end of 2009.
Under the American Recovery and Reinvestment Act of 2009, Verizon Business' corporate customers can receive accelerated, or "bonus," depreciation for certain equipment, including voice and data gear, ordered, invoiced and placed into service during 2009. Verizon Credit, Verizon's wholly owned financing subsidiary, offers qualifying enterprises affordable and flexible financing terms and increased buying power as they look to accelerate their transition to advanced Internet protocol (IP) technology.
"Continued investment in critical communications infrastructure is important for businesses to maintain competitive advantages and better serve their customers, especially in these difficult economic times," said Becky Carr, vice president - global enterprise marketing, Verizon Business. "The 2009 federal stimulus package delivers real incentives for businesses trying to make the most of scarce resources. When combined with our wide selection of premises equipment, broad managed and professional services portfolios, and advanced networking capabilities, these flexible financing options provide an important building block for our solutions-oriented approach to meeting customers' unique and often complex requirements."
Verizon Credit offers flexible financing for purchased equipment, which together with bonus depreciation provides important additional incentives for businesses to upgrade technologies. Verizon Credit can also offer lower lease rates to Verizon Business customers if bonus depreciation is available.
Leveraging Equipment, Managed and Professional Services Expertise
Verizon Business and its predecessor companies have sold, installed and maintained customer premises equipment for more than 25 years. The company has more than 85 resale and distributor agreements with leading equipment providers and approximately 1,200 vendor-trained, expert field technicians.
Verizon Business manages 270,000-plus security, network and hosting devices across more than 4,000 customer networks spanning 142 countries and territories, including oversight of non-Verizon connections from more than 60 network providers worldwide. Verizon Business' managed network services are backed by industry-leading service-level commitments and the company's award-winning IMPACT management platform.
Leveraging its vast selection of equipment and networking options, Verizon Business professional services personnel work closely with customers to assess, plan design and implement advanced, IP-based solutions to meet a wide range of business objectives. Verizon Business delivers a standardized set of more than 50 professional services through 2,700 consultants covering five practice areas - security services, information technology services, network integration and engineering, IP communications, and contact center services.
Visit the Verizon Business Web site for more information on 2009 bonus depreciation and the company's portfolio of customer premises equipment.
Note: Verizon Business and Verizon Credit do not provide tax or accounting advice. Please consult with your accounting or tax professional to learn more about how financing can potentially benefit your organization. Actual pricing and tax benefits will vary based on transaction details.
About Verizon Business
Verizon Business, a unit of Verizon Communications (NYSE: VZ), is a global leader in communications and IT solutions. We combine professional expertise with the world's most connected IP network to deliver award-winning communications, IT, information security and network solutions. We securely connect today's extended enterprises of widespread and mobile customers, partners, suppliers and employees - enabling them to increase productivity and efficiency and help preserve the environment. Many of the world's largest businesses and governments - including 96 percent of the Fortune 1000 and thousands of government agencies and educational institutions - rely on our professional and managed services and network technologies to accelerate their business. Find out more at www.verizonbusiness.com.