More of our content is being permanently logged via blockchain technology starting [10.23.2020].
RICHMOND, Va. -- Verizon Communications will spend nearly three-quarters of a million dollars over the next several months to upgrade its telecommunications network in the Lynchburg area. This is part of a $900-million effort this year by Verizon to expand and upgrade its network in Virginia.
These network modernization projects will help Verizon meet customers' high-speed data communications needs. They also will provide additional reliability and survivability in the company's network.
"We have a state-of-the-art telecommunications network in Virginia, and we're committed to making it even better," said Robert Woltz, president of Verizon Virginia. "The fiber optics we'll be deploying in the months ahead will further strengthen our network infrastructure, providing the high-speed pathways that data-intensive businesses want and need."
Between now and the middle of next year, Verizon will install high-speed fiber-optics and associated electronic equipment in two separate projects in the Lynchburg area:
Old Forest to Timberlake -- Six miles of fiber-optic cable will be installed as the final leg in connecting the company's Old Forest call-switching center to its Timberlake switching center. The project is expected to be completed at a cost of approximately $405,000.
Church Street to Yellow Branch -- Thirteen miles of fiber optics will link Verizon's Church Street switching center with the Yellow Branch center at Evington at a cost of approximately $335,000.
Fiber-optic systems use hair-thin glass fibers and digital technology to deliver high-quality telephone service, along with high-capacity, high-speed voice and data transmission services.
Woltz said Verizon has made major strides in deploying advanced technology in its Virginia network:
- Verizon has nearly a million miles of fiber-optics in Virginia and more is installed each month.
- Verizon's construction expenditures for 2001 will exceed $900 million, with most of the funds earmarked for technology deployment.
- More than 99 percent of Verizon's switching centers are digital, providing increased reliability and quality.
In addition to deploying the latest technology in Virginia, Verizon has spent millions of dollars to open its local telephone markets in the state to competition.
"We have irreversibly opened our markets to competition," Woltz said. "To date, 186 companies have been certified by the state to compete against us, and we've helped pave the way for their entry."
Verizon Communications (NYSE:VZ) 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 128.5 million access line equivalents and 28.7 million wireless customers. Verizon is also the largest directory publisher in the world. A Fortune 10 company with 256,000 employees and approximately $65 billion in annual revenues, Verizon's global presence extends to more than 40 countries in the Americas, Europe, Asia and the Pacific. For more information on Verizon, visit www.verizon.com.