Verizon Communications Inc.
) is planning to build a pilot program to test new ways to deploy
fiber-optic cables in New York City. According to reports, the
company is planning to use techniques like micro trenching and
saw cutting to insert cable through sidewalk. These techniques
are expected to consume smaller space for cable insertion and
ultimately result in reduced cost compared to the traditional
methods of deploying cables.
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Currently, Verizon is initiating a pilot project in collaboration
with New York City authorities. If the deployment is done
successfully, the company will carry out such network deployments
in the whole of New York, covering five boroughs by next year.
The company's main aim is to expedite the deployment of fiber
optic service, replacing traditional copper lines so as to
increase data speed and curb network traffic. Currently, Verizon
provides fiber optic networking only for its FiOS TV and
broadband services. Through copper-to-fiber migration, the
company intends to drive FiOS revenue growth and maximize
Apart from improving network deployments, Verizon is taking
several other steps to improve its wireline service - FiOS - that
) U-Verse services and T
ime Warner Cable
). The company introduced new FiOS pricing plans (set-top boxes
and planned bundled changes) that would accelerate consumer
revenue growth for the next several quarters. Verizon also
) - a top-notch global media and entertainment company - to
launch STARZ PLAY and ENCORE PLAY. Overall, we believe these
combined efforts would lead to improved revenue, high operating
margins and greater share in the cable services market.
Verizon has a Zacks Rank #3 (Hold).