Verizon Wireless 2007 Annual Report Download - page 8

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The Verizon Value Creation Model (continued)
6
networking,฀ media฀ sharing,฀ e-commerce,฀ and฀ mobile฀ media฀ –฀ depend฀ on฀ advanced฀
networks฀and฀practical฀applications฀that฀deliver฀their฀power฀to฀customers.
We฀continue฀to฀roll฀out฀the฀industry-leading฀wireless,฀wireline฀and฀IP฀technologies฀
that฀give฀us฀a฀global฀platform฀for฀providing฀this฀next฀generation฀of฀services.฀Our฀ber-
optic฀network฀has฀the฀capacity฀to฀deliver฀the฀full-edged฀multimedia฀experiences฀and฀
radical฀ interactivity฀ that฀ will฀ create฀ new฀ opportunities฀ in฀ education,฀ entertainment,฀
medicine,฀ commerce฀ and฀ the฀ arts.฀ We฀ are฀ already฀ planning฀ for฀ the฀ fourth฀ generation฀
of฀wireless฀network฀technology,฀which฀we฀will฀begin฀testing฀in฀2008.฀We฀are฀upgrading฀
our฀backbone฀networks฀to฀increase฀the฀performance฀and฀reliability฀of฀the฀vast฀amount฀
of฀Internet฀trafc฀that฀we฀carry.฀Verizon฀is฀the฀founding฀American฀investor฀in฀an฀inter-
national฀consortium฀that฀is฀building฀a฀cable฀across฀the฀Pacic฀Ocean฀to฀accommodate฀
the฀ huge฀ growth฀ in฀ voice,฀ Internet฀ and฀ video฀ trafc฀ from฀ Asia฀ to฀ the฀ United฀ States.฀฀
To฀make฀sure฀our฀customers฀have฀the฀broadest฀array฀of฀wireless฀options฀and฀to฀encour-
age฀ innovation฀ on฀ the฀ part฀ of฀ entrepreneurs฀ and฀ application฀ developers,฀ we฀ have฀
announced฀an฀Open฀Development฀Initiative฀that฀will฀enable฀customers฀to฀“bring฀their฀
own”฀devices฀and฀applications฀to฀run฀on฀our฀networks.฀
Operational improvements have created stronger cash flow.
In addition to creating top-line growth, our business model also
focuses on creating value for shareowners by generating strong cash
flow and margins. Our goal is to take advantage of our scale, stream-
line our processes, eliminate duplication and drive savings to the
bottom-line.
We continue to increase operational efficiency within each of our
business groups to improve productivity and margins across the
entire business. The results are evident in our strong operating cash
flow from continuing operations, which last year grew by 14.2 percent
compared to 2006.
$3.3
$4.1
$5.2
Verizon Business
Strategic Services
Revenue
(billions)
05 06 07
3.
Operating Cash Flow from Continuing Operations
(billions)
$20.4 $23.0
$26.3
2005 2006 2007