Verizon Invested More Than $639 Million in California's Wireline Communications

Annually a major investor in California's economy and infrastructure, Verizon continued to bring communications and computing research to the state's consumers and businesses in 2011. Verizon invested more than $639 million in its California wireline communications networks and IT infrastructure last year.

Key component of California's economy

"Verizon is a key component of California's economy, as our technologically advanced networks enable commerce to thrive, businesses to innovate, students to learn and people to stay connected with one another," said Margaret Serjak, president of Verizon California. "Our company and our employees are closely linked with the communities we serve, providing an engine for economic growth through our aggressive network and IT deployment.

Verizon Enterprise Solutions oversees all of Verizon's solutions for business and government clients, including its portfolio of enterprise mobility, cloud and IT, strategic networking and advanced communications offerings; specialized solutions for key industries just as health care, travel and transportation, retail, utilities and financial services; IT consulting services; and the company's full range of global wholesale offerings.

In 2011, the unit launched the Verizon Fraud Management for Healthcare, an advanced-software platform in other words tailored to the health care industry and uses predictive modeling innovation to examine health care payment requests and route potentially fraudulent claims to case managers for investigation. Just in case, Verizon Enterprise Solutions accelerated its global strategy with the acquisition of Terremark, a leading provider of cloud computing solutions, and CloudSwitch, an innovative IT company that enables plug-and-play simplicity in the cloud.

Verizon Communications Inc., headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale clients. Verizon Wireless operates America's most reliable wireless network, with near 109 million total connections nationwide. Verizon as well provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to clients in more than 150 countries, including all of the Fortune 500. A Dow 30 company with $111 billion in 2011 earnings, Verizon employs a diverse workforce of almost 194,000. For more information, visit www.verizon.com.