Term Paper on "Verizon Corporation Was Formed in 2000"

Term Paper 4 pages (1211 words) Sources: 4 Style: APA

[EXCERPT] . . . .

Verizon Corporation was formed in 2000 when Bell Atlantic bought GTE, since that time, Verizon has become the top U.S. telecom services provider for two years running. Its three major divisions have each made substantial gains and profits in the past five years and continue to show tremendous growth. Their three divisions are Telecom, Business, and Wireless. Its telecom operations include over 45 million access lines through 28 different states and Washington D.C. Verizon Wireless is a joint partnership with the Vodafone Group that has over 60 million customers nationwide and is second only to the newly formed at&T Mobility (formerly known as Cingular). Verizon Business was formed in the past year when Verizon bought out the declining MCI to create a globally advanced communications and information technology "powerhouse" that services large businesses and institutional clients. All three of these divisions have prospered primarily because at&T has dedicated itself to the development of new technology that has allowed it to show positive revenue and profit gains over the past six years and continues to fuel its growth. The following analysis will look at the specific technology that Verizon has implemented which has reflected in its revenue and client growth.

Verizon has committed itself to finding strong technology solutions to improve its business operations and create greater revenue. Within its Telecommunications unit, Verizon has made significant improvements upon its infrastructure through technology solutions. Verizon gained a strong user base through their broadband services because it provided fast and efficient service through their Fios connections. Fios, a new fiber network developed by Verizon will outclass current fiber networks by carrying not only telephony services but also television and high speed data transfer. This service is a vast improvement upon traditional fiber-optic mediums and will eventually displace the majority of current fiber-optic networks. Fios is called a "gigabit passive optical network" or G-PON. This technology increases the aggregate broadband speeds of Verizon's FTTP system by four times its current downstream speed and eight times its current upstream speed. This network will fully enable Verizon to provide enhancements to Fios internet services and Fios TV. As the first company to deploy such technology in the United States, Verizon faces several challenges, but the implementation of this technology will be crucial to the future success of Verizon as it will have a significant competitive advantage compared to at&T and other telecommunications companies.

The Fios fiber network has already been integrated in the vast majority of Verizon's network, however it has seen its cost per household soar substantially due to the fact that Fios connections needs to be made to each house individually. Here again, Verizon proved its technology innovation. In 2006, Verizon implemented new technology via the MoCA (Multimedia over Coax Alliance). MoCA will allow Verizon to reduce the cost of Fios installation by using existing cabling via coaxial cable to connect home computers to its broadband network. Previous to these efforts, Verizon spent about 1200 dollars per home to connect customers to their fiber network as well as an additional 1400 dollars per home Verizon had to spend to stall the fiber network to telephone poles around neighborhoods. As a result of their technology advantage in leverage coaxial connections, Verizon has been able to slash the costs of installing Fios substantially. The cost for installation per home has decreased to 715 per home, and the cost for laying new fiber in neighborhoods to 890 per home. The innovation within their telecommunications division reflects two levels of innovation that is emblematic of Verizon's overall strategy. Verizon has developed its Fios network is the future infrastructure of fiber connectivity… READ MORE

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