Verizon Splashes Cash on Fiber

Verizon Splashes Cash on Fiber
Verizon plans to buy more than 37 million miles of fiber optic cable to beef up its broadband offerings.

(CCM) — Verizon is embarking on a billion dollar spending spree to beef up its wireless broadband network with the addition of over 37 million miles of new fiber optic cable. The new fiber will enable the company to boost its broadband capacity and improve the latency in its wireless network. Verizon has committed to purchasing over 12 million miles from Corning, a company that is also known for its Guerilla Glass, which is used to make smartphone screens.

Verizon has been updating its network architecture around a next-generation fiber platform that will support all of the company’s businesses. This new architecture is designed to improve Verizon’s 4G LTE coverage, speed up the deployment of 5G wireless networks, and deliver high-speed wireless broadband to homes and businesses. It will not be used to extend its FiOS fiber-to-the-home service, which offers subscribers internet speeds up to 750 mbps.

Verizon promises that it will be able to offer gigabit wireless broadband services by bringing fiber cables closer to homes and businesses. It is currently piloting a 5G wireless home internet service in 11 markets in the U.S. including Atlanta, Dallas, Denver, Houston, Miami, Sacramento, and Washington, D.C.

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