Verizon partners with New York State to deploy high-speed broadband to 15,500 rural households
January 31 2018 - 4:30PM
Verizon is pleased to announce that it has been awarded $70.7
million in Phase 3 of the New NY Broadband Program. An additional
$12 million from the Federal Communications Commission (FCC)
Connect America Fund (CAF) plus Verizon’s own investment brings the
total funds to $106.6 million.
The funds will support Verizon’s deployment of
high-speed broadband to more than 15,500 rural locations in
upstate New York.
“Verizon is focused on delivering broadband
service, and the major economic benefits associated with it, to the
difficult-to-reach service areas of upstate New York,” said Kevin
Service, senior vice president of wireline operations for Verizon.
“We are pleased to partner with New York State and the FCC to
achieve our common goal of increasing broadband access for unserved
and underserved areas in the State.”
“We applaud Governor Cuomo for his leadership in
establishing the most robust broadband program in any state in our
nation,” said Leecia Eve, vice president of state government
affairs for the Tri-State region for Verizon. “At Verizon, we
don’t wait for the future, we build it. This historic partnership
will expand high-speed broadband access to thousands of New
Yorkers and will better connect our communities. This work
will be done by our highly skilled and compensated workforce and
will enable all of New York State to better compete in the global
economy.”
Verizon will leverage its relationship with New
York-based Corning Inc. to provide fiber optic cable and associated
hardware to expand its broadband network in targeted unserved and
underserved communities.
In April, Verizon announced a three-year minimum
purchase agreement with Corning where Verizon will purchase up
to 20 million kilometers (12.4 million miles) of optical fiber each
year from 2018 through 2020, with a minimum purchase commitment of
$1.05 billion.
Each year, Verizon invests nearly $2 billion in its
wireline and wireless networks and employs more than 18,000 people
in New York State. Through this public-private partnership, the
company will invest millions more to fully leverage the resources
provided under the New York Broadband Fund.
Verizon Communications Inc. (NYSE:VZ) (Nasdaq:VZ),
headquartered in New York City, generated $126 billion in 2017
revenues. The company 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.
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Media contact:Ray
McConville908.202.5214raymond.mcconville@verizon.comTwitter:
@mcconvilleray
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