Verizon spent over $688 million on its New Jersey wireline network in 2010

New Jersey businesses and consumer customers got a wireline network infusion throughout 2010 as Verizon (NYSE: VZ) reported that it spent $688 million in the region in 2010.

From a broadband perspective, Verizon continued to extend its Fiber to the Premises (FTTP)-based FiOS TV and FiOS broadband Internet services, bringing it to a total of 1.7 million New Jersey homes and businesses by the end of the year.

In conjunction with its continued FiOS rollout, Verizon introduced a number of complementary enhancements to its FiOS service portfolio, including new programming enhancements and upping available download/upload speeds. One of the new enhancements included its Flex View service that allows FiOS TV subscribers to program their video services via their smartphones, tablet computers and lap tops. At the same time, Verizon introduced a new 150/35 Mbps speed tier for both consumers and SMBs to stay apace with cable's ongoing DOCSIS 3.0 drive.

Verizon was no less aggressive with wholesale and business services. To cash in on in the burgeoning wireless backhaul market, Verizon deployed fiber to over 1,660 wireless operator towers to support new 4G-based LTE services.

Throughout 2010, Verizon Business targeted business clients with a suite of enterprise mobility applications under its Mobile Services Enablement Platform. Verizon Business also continued to make an aggressive push into the cloud services arena with its "everything-as-a-service" strategy with the introduction of its UC&C with Microsoft Online service, a new UC-based solution and a pay-as-you-go online cloud-based Verizon Computing as a Service for SMBs.

For more:
- see the release

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