NEW YORK, Dec. 14, 2017 /PRNewswire/ -- Verizon
Communications Inc. (NYSE, Nasdaq: VZ) today completed its
$225 million purchase of fiber-optic
network assets serving the Chicago
market from WideOpenWest, Inc. (NYSE: WOW).
The transaction is part of Verizon's effort to scale and
accelerate deployment of next-generation broadband services.
For Verizon, the transaction secures fiber to more than 500
macro-cell wireless sites and more than 500 small-cell wireless
sites in the Chicago area. The
high-capacity fiber network is designed to support multi-use
services and already connects Verizon Wireless macro towers and
small cells, reducing future leasing costs.
"The addition of these fiber assets is an important part of our
strategy to reinforce our current network capabilities and prepare
for the future. The completion of this acquisition will help
expedite our network densification with fiber and small cells,
enhancing our industry-leading 4G LTE network and laying the
groundwork for 5G," said Nicola
Palmer, Chief Engineer and Head of Wireless Networks,
Verizon.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in
New York City, has a diverse
workforce of 160,100 and generated nearly $126 billion in 2016 revenues. Verizon operates
America's most reliable wireless network and the nation's premier
all-fiber network, and delivers integrated solutions to businesses
worldwide. Its Oath subsidiary reaches about one billion people
around the world with a dynamic house of media and technology
brands.
VERIZON'S ONLINE MEDIA CENTER: News releases, stories, media
contacts and other resources are available
at www.verizon.com/about/news/. News releases are also
available through an RSS feed. To subscribe,
visit www.verizon.com/about/rss-feeds/.
Media contact:
Bob
Varettoni
908.559.6388
robert.a.varettoni@verizon.com
Related Links
http://www.verizon.com/
https://www.verizonwireless.com/
http://www.verizonenterprise.com/
http://www.verizon.com/about/
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SOURCE Verizon