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33
VER I ZON C OMMUN I CATION S INC. 2006 ANNUA L REP O RT
What we do.
Verizon฀serves฀customers฀by฀building฀great฀networks.฀It’s฀what฀we฀do.฀We฀design฀
networks,฀invest฀in฀technology฀to฀deploy฀them฀to฀customers’฀homes฀and฀businesses,฀
maintain฀them,฀and฀upgrade฀them฀for฀the฀future.฀Our฀networks฀give฀us฀a฀platform฀
for฀ innovating฀ and฀ delivering฀ the฀ great฀ products,฀ services,฀ applications฀ and฀ con-
tent฀that฀customers฀want.฀This฀differentiates฀us฀from฀competitors฀and฀allows฀us฀to฀
marry฀communications,฀data฀and฀entertainment฀for฀customers฀in฀ways฀few฀other฀
companies฀can.฀As฀we฀unleash฀our฀increasingly฀powerful฀high-speed฀broadband,฀
global฀IP฀and฀mobile฀technologies,฀we฀accelerate฀our฀growth฀and฀drive฀our฀industry฀
forward,฀which฀in฀turn฀creates฀value฀for฀shareowners฀and฀customers.
This฀ is฀ what฀ we฀ believe฀ –฀ the฀ conviction฀ that฀ guides฀ our฀ investment,฀ drives฀
our฀ strategy฀ and฀ motivates฀ our฀ people.฀ This฀ belief฀ unites฀ our฀ leadership฀ team,฀
employees฀and฀Board฀of฀Directors฀in฀our฀determination฀to฀be฀the฀industry’s฀premier฀
network฀company฀and฀the฀leader฀in฀delivering฀the฀benets฀of฀advanced฀communi-
cations฀technologies฀to฀the฀marketplace.
By฀transforming฀our฀networks฀for฀the฀Internet฀age,฀we฀are฀dening฀Verizon฀as฀
a฀growth฀company.฀We฀made฀meaningful฀progress฀toward฀this฀goal฀in฀2006.
Our฀growth฀businesses฀are฀gaining฀scale฀and฀reach.฀In฀wireless,฀we฀were฀the฀
rst฀to฀deploy฀a฀national฀broadband฀network,฀which฀now฀reaches฀more฀than฀200฀
million฀people.฀In฀telecom,฀we฀are฀upgrading฀our฀traditional฀copper฀network฀with฀
the฀ most฀ comprehensive฀ high-speed฀ ber฀ network฀ in฀ the฀ country,฀ which฀ will฀
reach฀ 18฀ million฀homes฀ and฀ businesses฀ by฀ the฀end฀ of฀ the฀decade.฀By฀combining฀
our฀large-business฀organization฀with฀MCI฀to฀form฀Verizon฀Business,฀we฀now฀have฀
Chairman’s Letter฀to฀Shareowners฀
Ivan Seidenberg
Chairman and Chief Executive Officer