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April 30, 2008

Verizon expands its technology investment in R.I.

Verizon said this morning it is making a capital investment of approximately $86 million in new network technology to expand its FiOS cable television service to more communities in Rhode Island.

The company said it is also expanding its Providence-based Fiber Solutions Center, where at least 50 more union-represented technicians and customer service representatives will be hired. A total of 350 new jobs have been created since the center opened in 2006.

The company also will upgrade its Verizon High Speed Internet Service, based on DSL technology, to Cranston, Hope Valley, Jamestown, Narragansett, Pawtucket, Providence, Tiverton and Weekapaug.

Earlier this year, Verizon Wireless announced that it spent $292 million to upgrade its New England voice and data networks and hired more than 500 employees in the region in 2007.

-- Journal Business Editor John Kostrzewa

Posted by Jack Perry  at 3:01 PM | Permalink

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