Verizon (NYSE: VZ) may have made continual progress in enhancing its wireline network in Massachusetts by investing more than $331 million in the state last year, but major cities like Boston still can't get its fiber-to-the-home (FTTH) service.
Boston is among many large cities inside Verizon's wireline footprint, including Buffalo, N.Y., that still can't get access to FiOS and probably won't anytime soon. The telco has been steadfast in telling investors every quarter that it has no plans to extend the service into new communities outside of the local franchise agreements it has already established.
However, in other parts of the state, particularly in towns like Grafton and Lynn, a number of small to medium businesses (SMBs) did benefit from the FiOS wireline investments. Grafton Country Story and Bond and Associates found utility in switching from their former Internet provider to FiOS.
As of the end of the year, Verizon said FiOS services were available to more than 1 million homes and businesses in Massachusetts that are served over 18,000 miles of fiber.
Now that it's planning to sell off its assets in California, Florida and Texas to Frontier Communications, the service provider will have a wireline network presence that's mainly concentrated along the Northeast part of the United States.
Massachusetts is just one state where Verizon has been enhancing its local wireline networks. The service provider also announced enhancements in its Virginia and New Jersey wireline markets, where it invested $659 million and $547 million, respectively.
For more:
- see the release
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