Linking Mexico
Global Phone Network

In an initiative designed to expand Verizon Communications’ presence in the large business market, the company recently announced plans to assemble and operate a global telecommunications network that will link the United States with major cities in Latin America, Europe and Asia.

Verizon will acquire fiber-optic cable, switching and transmission equipment and related network management software to deploy the high-speed, broadband network, which will carry data, Internet and voice traffic. The first phase — linking New York to London, Paris, Amsterdam, Brussels, Frankfurt and Milan — was scheduled to begin operation in the second quarter of this year. Links between New York and Toronto and between Hawaii, Hong Kong, Tokyo and Sydney are already operating and will be part of the new network. Over the next two years, the network will be expanded and provide direct links to other leading commercial and financial centers, including Mexico City, Geneva, Zurich, Madrid, Singapore, Buenos Aires and Caracas.

"This is a logical next step for Verizon because it will help unlock the full value of our network and our core business," says Eduardo R. Menasce, president of Verizon’s Enterprise Solutions Group, which manages the design, operation and maintenance of networks for large business customers. "We believe that our global network perfectly positions Verizon to become a leading presence in the large business market, which is the fastest-growing segment in the U.S. telecommunications industry and generates $140 billion a year in revenue."

Verizon will make a significant capital investment to complete the first phase of the network. This investment is already incorporated in Verizon’s capital budget The company also expects to save at least $300 million in transport costs over five years because it will be significantly less expensive to route international calls...

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