Verizon's Fiber Investment

Laos News:

New York's Verizon Communications Inc. says its investment in boosting broadband capacity via fiber optic lines from 2004-10 will reach $18 billion.

The company also said Wednesday in a news release that it plans to pass 18 million premises with its fiber network by the end of 2010, or more than 50 percent of the approximately 33 million households in the company's 28-state wireline service area.

Verizon predicted it will exceed 6 million homes with a new fiber optic network by the end of this year.