Secondly, it continues to implement that technology that increases the efficiency, organization and cost effectiveness of its business practices. Fios and MoCa are two reasons that Verizon has successfully used technology implementation to affect the bottom line of the company. Over the past two years, Verizon has increased its subscription of Fios services by 32% and continues to show exceptional growth in 2007. Despite the fact that their investment will not show a healthy return until years in the future, Verizon has established the infrastructure with their technology to substantially out compete other telecommunication companies such as at&T with their fiber network. As a result, Fios services include not only telephony but also broadband, TV and data transfer services that will substantially increase Verizon profits in the future.
Verizon telecommunications is not the only division that uses technology as its driver for success; Verizon's wireless division has also maintained a competitive advantage in technology that has shown dividends. In 2004, Verizon switched over to Evolution-Data Optimized third generation wide area network. This technology allows users to have mobile broadband access at speeds previously unheard of in the mobile technology field with up to 300-500 kilobits per second. The 3G network has tremendous technology benefits as the fastest commercial wide-area wireless data technology that is available today. This technology which was originally developed by Qualcomm will give Verizon an advantage not only in wireless service provision but also data transfer. The vision of Verizon in this technology leap is astounding since it already was sitting as the number one provider of mobile services with the top rated clarity and network strength in the nation. The implementation of 3G technologies shows once again that Verizon is fully dedicated to being ahead of its competition in technology implementation and development. Its use of backward compatibility...
Again, Verizon shows through this technology implementation and development reveals that not only does Verizon focus on providing top tier technology but it works to ensure efficiency and service in its technology implementation and integration. This has translated to increased revenue as well as user subscription for Verizon in the past two years. Verizon Wireless grew at an average of 15% over the past two years and continues to show strong growth. This growth can be directly attributed to the quality and technology advantage that Verizon possesses.
The implementation of technology described above will pay its dividends for Verizon in the next five years. When the Fios network has been fully integrated into the national infrastructure, Verizon will no longer have to pay the development and implementation costs, while subscription services will increase as Fios takes over as the predominant network used for telephony, broadband and television services. The distance between Verizon and its telecommunication competition should widen substantially. In addition, Verizon wireless will continue to enjoy its competitive advantage in the wireless sector. Despite the current status of at&T mobility as the number mobile carrier, Verizon should eclipse them because of their stronger network and superior communication technology.
Verizon Communications. 20 Oct. 2006 http://ptg.djnr.com/ccroot/asp/cqu/cqu_results.asp
Verizon Communications Inc. 14 Oct. 2006 http://www.hoovers.com/co/news
Verizon Wireless Reports Solid Third Quarter Customer Growth. 4 Oct. 2006. 10 Oct. 2006. http://investor.verizon.com/news/VZ/
Verizon Wireless Announces Roll Out of National 3G Network." VZN News. 27 Mar. 2007 http://news.vzw.com/lead_story/pr2004-01-08.html.
