Verizon Wireless 2012 Annual Report Download - page 6

Today’s customers want to be able to access video content on any screen — TV, personal
computer, tablet or cellphone — wherever and whenever it’s convenient for them.
To address this demand, Verizon Wireless is partnering with the nation’s major cable
companies to deliver video solutions on a national scale across our 4G LTE wireless and cable
networks. We are also using this partnership to encourage content developers
and entrepreneurs to develop innovative mobile video services that we can deliver over
these powerful platforms.
In addition, we’re giving customers more video options through a new venture with
Redbox Automated Retail, LLC, a subsidiary of Coinstar, Inc. Our new service, Redbox Instant
by Verizon, oers on-demand video streaming powered by Verizon’s cloud computing
technologies and IP networks, supplemented by Redbox’s network of more than 42,000 DVD
rental kiosks nationwide.
More broadly, we are helping to stimulate the innovation process that will drive the
transformative power of mobile and machine-to-machine technologies into new markets.
We have two Innovation Centers in Waltham, Massachusetts and San Francisco, California
where we bring entrepreneurs, developers and partners together with Verizon network
engineers in state-of-the-art laboratories to develop new LTE products and get them to
market quickly. This collaboration with more than 125 dierent partners is producing an
impressive range of exciting new products, services and applications. We demonstrated
more than 60 of these at the 2013 Consumer Electronics Show, with far-ranging applications
in elds such as public safety, healthcare monitoring, mobile video, energy management and
education (for more information, see the “Powerful Answers” section of this report).
With this focused and aggressive innovation program, we not only increase demand for
Verizon’s network services but also give people the tools for solving problems and enhancing
their lives in exciting new ways.
ADDRESSING THE WORLD’S BIGGEST CHALLENGES
Some of the biggest opportunities for Verizon lie in the intersection between our
empowering technology and our society’s deepest needs. For example, we are expanding in
the eld of digital healthcare with a mobile health platform that gives clinicians and patients
a better tool for monitoring patients and managing chronic diseases. Our machine-to-
machine solutions are helping to modernize electrical and transportation systems, providing
customers with greater control over their energy use. Going forward, we seek to build
additional vertical capabilities centered on technology solutions in such elds as education,
e-commerce and public safety.
We believe that using our talent and technology to address society’s biggest challenges will
both grow our business and change the world for the better. We call this strategy “Shared
Success,” an integrated approach to growth that drives both our business development and
corporate responsibility eorts. As evidence of our disciplined process, we have developed
metrics for tracking the social impact of our technology on the communities we serve, which
we track in this report (see page 20). To increase the impact of our philanthropic resources,
we have refocused the Verizon Foundation on becoming a channel for innovation and
social change. The Foundation is working with leading nonprot organizations such as the
Children’s Health Fund to test technology solutions in real-world settings and extend access
to new technology into underserved communities.
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CAPITAL
EXPENDITURES
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