Verizon Wireless 2014 Annual Report Download - page 5

with 59 percent of Internet subscribers on our high-speed
FiOS Quantum service. We continue to deliver innovative
new products on the FiOS platform, such as the FiOS
Quantum Gateway, a new router that boosts Wi-Fi speeds,
and a FiOS mobile video service that allows subscribers to
view FiOS content on their mobile devices.
This growth in the consumer segment helps offset the
declining revenues in Global Enterprise and Global
Wholesale, which continue to fight through global economic
challenges, price competition, and erosion in transport and
equipment sales. We continue to transform these segments
around enterprise-grade network, cloud, security, managed
services and other business solutions that help enterprise
customers adapt to the challenges of an all-digital world.
While overall revenues from Enterprise fell by 3.5 percent
in 2014, revenues from strategic services grew 2.3 percent
year over year.
Steady investment in networks
The foundation of our success in this broadband-centric
world is network excellence, which remains the heart and
soul of the Verizon brand. Our strong cash flows have
enabled us to invest more than $80 billion in infrastructure
over the past five years—a commitment to investment in
networks that lasted even through the recession. Through
our consistent strategic deployment of capital, we have
built an LTE network that reaches more than 500 markets;
expanded FiOS to nearly 20 million homes; deployed 100
gigabit capacity in our IP backbone network in the U.S. and
around the globe; and have begun testing commercial
deployment of 200 gigabit networks. In 2014, we enhanced
our wireless network by deploying additional spectrum
throughout the U.S., essentially doubling our capacity to
accommodate the rapid increase in wireless data and video
traffic. We also continue to move customers off legacy
copper networks onto the more powerful and efficient fiber
platform, which not only delivers more value to customers
but also improves the network’s reliability.
Not many companies have both the commitment and the
financial capacity to invest $16 billion to $17 billion in
infrastructure, year after year, but we know that’s what it
takes to deliver the kind of reliability, speed and ubiquity
our customers demand.
This network superiority gives us more than just bragging
rights—it gives us a competitive edge and a platform for
offering the growth products of the future. In December
2014, about 84 percent of our wireless data traffic was
being carried on our 4G LTE network, which transmits data
and video at broadband speeds. On the wireline side, we
have introduced high-speed FiOS Quantum Internet and
video products that differentiate our broadband services
around the unique advantages of our all-fiber network and
deliver features such as symmetrical speeds for uploads
and downloads that our cable competitors can’t match.
As we look to the future, we see customers interacting
seamlessly with all their digital content as they move from
their homes to their cars to their businesses. By constantly
Wireline
Highlights
VERIZON COMMUNICATIONS INC. 2014 ANNUAL REPORT
5.4
6.1
6.6
  
FiOS Internet
Subscribers
()
4.7
5.3 5.6
12 13 14
FiOS Video
Subscribers
()
$14.1 $14.8 $15.6
12 13 14
Wireline Consumer
Retail Revenues
(billions)
3