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VER I ZON C OMMUN I CATION S INC. 2006 ANNUA L REP O RT
ahigh-speed backbonenetworkthatgivesusunsurpassedglobalreach and the
abilitytoofferadvancedInternetProtocolsolutionstobusinesscustomersaround
the world. And we continue to differentiate our platforms with applications
andservicesthatmakethemworkbetter,faster,moresecurelyandmorereliably
forcustomers.
Byexecuting a strategybased on investmentandinnovation, wehavebuilt
world-classnetworksthatservemillionsofcustomersathome,atworkandonthe
move.WhatmakesthisabreakthroughmomentforVerizonisthepowerfulinter-
sectionofournetworkstrengthswiththetrendsthatarecreatingnewmarkets
andtransformingtheworldofbusiness,entertainmentandcommunications.
2006willgodownastheyearthatuserstookovertheInternet.
Blogs.Podcasts.YouTube.Wikipedia.MySpace.Open-sourcesoftware. People
creatingasharedchronicleofdailylifebyswappingphotos,music,opinions,expe-
rienceswithfriends,families,evenstrangers.Businessesinconstantdialoguewith
customers,employeesandpartners–worldwide,24x7.
This kind of user-generated, interactive, multimedia content is increasingly
dominatingthemarketplace–asweepingtrendknownas“Web2.0.”TheInternet
israpidlyevolvingfromatext-basedtoavisualmedium,whichrequiresnetworks
thatdelivermuchhigherbandwidthbothupstreamanddownstream.Providing
millions of customers the high-speed communications tools they need to par-
ticipatein thisglobalconversationisoneofthe greatbusinessopportunities of
ageneration.
Verizonbuildstherealnetworksonwhichthesesocialnetworksdepend.
Together,ourbroadband,mobileandglobalIPnetworkscompriseapowerful
deliverysystem for themedia-rich,interactivecontentthatis transformingtele-
vision,theInternet,commerce,medicineandeducationasweknowthemtoday.
Verizonisattheheartofthiscreative,disruptive,market-makingshift–delivering
high-denition content, helping people and businesses collaborate, and making
it all work together for customers, on any screen, wherever they are. Not only
doesthiscreatevalueforus,italsopushestheindustryforwardbyfuelinginno-
vationinconsumerelectronics,equipmentmanufacturing,content,softwareand
search–allalongthevaluechain.
Verizon’sleadershipinthesetransformationaltechnologiesgivesusanengine
forgrowthandmakesusanindispensabledriverofthe21stcenturyeconomy.
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Y E A R
Actual Forecast
U.S. Broadband Households
(millions)
81.5
Source: Forrester Research, Inc., June, 2006
0
Actual Forecast
U.S. Multi-PC Households
(millions)
00 01 02 03 04 05 06 07 08 09 10 11
Y E A R
73.8
Source: Forrester Research, Inc., June, 2006
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