Verizon Wireless 2014 Annual Report Download - page 6

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evolving our wireless and fixed broadband networks, we
are in a great position to deliver this integrated experience
to our customers.
One thing that could have a negative impact on our future
network investments is the FCC’s stated intention to
reclassify broadband services under Title II of the 1934
Communications Act, which would impose rigid 20th
century rules on a dynamic 21st century industry. Such a
move could depress long-term capital investment in
infrastructure, discourage innovation in broadband Internet
and related services, and cost the economy thousands of
middle-class jobs. We urge the Congress to enact
legislation that will clarify the rules of the road and pave
the way for continued investment in high-quality open
networks that will secure America’s leadership in the global
digital economy.
Pathway to the future
We are also building a pathway to the future through our
investment in growth businesses and a stepped-up
innovation process. Over the past several years, we have
made targeted acquisitions in the fields of telematics,
digital video, cloud and cybersecurity that leverage our
network platforms and give us an expanding position in the
markets of the future. We’ve also created two Innovation
Centers to work with product, software and app developers
to embed our network capabilities in a new generation of
consumer and business solutions, and in 2014 we
sharpened our focus on accelerating product development
in such fast-growing markets as mobile video, digital media
content delivery, data analytics and the Internet of Things.
The growth prospects for digital media and entertainment
and the Internet of Things are substantial. Video
already makes up 55 percent of all mobile traffic, according
to the Cisco Visual Networking Index. That same report
says global mobile data traffic will increase by 10 times
by 2019, with three-quarters of that traffic being video.
Over that same period, the Internet of Things, which brings
connected solutions to the physical environment, is
projected to grow at a compound annual rate of 45 percent,
driven by the rapid growth of wearables and
machine-to-machine connections.
The Verizon Innovation Centers, located in the Boston and San Francisco areas, were created to help entrepreneurs and inventors connect their new
devices and software to the Verizon network. Advances in wireless technology are fueling a wave of innovation that’s connecting people, places and things
in meaningful new ways—changing the way we live, work and play. Verizon’s advanced technology platforms, including 4G LTE, are inspiring and enabling
businesses to bring new wireless-enabled services to market.
Visit innovation.verizon.com to learn more.
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