Verizon pledges to spend, spend, spend

19 May 2005

Verizon Dominica has opened a new USD55 million Dominican Republic corporate office and reiterated its desire to continue investing in the country’s telecoms infrastructure at a time when many in the region are slashing expenditure. Verizon says it spent USD219 million in the country last year, including the construction of a USD10 million data centre. Its main focus this year will be the third phase of a USD60 million project to increase its coverage to 98% of the territory, including the expansion of services to rural areas. A subsidiary of the US telco of the same name, former monopoly operator Verizon is the dominant provider of telephony services and internet access in the Dominican Republic.

Dominican Republic