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Verizon announces completion of network expansion in Massachusetts

Posted on: Wed, 07 Jan 2009 06:34:00 EST

Symbols: VZ

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Jan 07, 2009 (M2 EQUITYBITES via COMTEX) --
VZ | Quote | Chart | News | PowerRating -- Verizon Communications (NYSE: VZ), a provider of broadband and other
wireline and wireless communications, announced on Tuesday (6 January)
that the company has completed a USD600m network expansion and
enhancement programme in the state of Massachusetts, US.

Under the investment the company has expanded its FiOS TV service to a
further 29 Massachusetts communities.

Verizon said that it is building its FiOS network in over 100
communities and by the end of this year expects to offer FiOS TV in
many more communities in the state.

The company has also brought Verizon High Speed Internet service to 24
western Massachusetts communities where broadband Internet has never
been available. In addition, Verizon has made its High Speed Internet
service more widely available in Shutesbury. This project, which was
completely financed by Verizon, complements the state's plan to expand
the availability of broadband service throughout Massachusetts.

The company has also enhanced its FiOS TV offerings, by adding over 90
new channels, including 71 more high-definition (HD) channels, to the
company's FiOS TV line-up in Massachusetts. FiOS TV now offers over 500
total channels, featuring over a 100 HD channels.

A part of the investment also includes the opening of a new Verizon
Lifestyle Store inside Jordan's Furniture in Reading, creating a number
of new sales and customer service jobs.

The company also said that Verizon Wireless, a provider of wireless
voice and data network and a joint venture of Verizon Communications
(NYSE: VZ | Quote | Chart | News | PowerRating) and Vodafone (NYSE:VOD)(LSE: VOD), has reportedly invested
over USD2.2bn in its New England wireless network since 2000, including
over USD100m during the first six months of 2008. As a result, now
every New England Verizon cell site provides wireless broadband
connectivity.

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