Verizon Chairman & CEO Ivan Seidenberg Keynote June 20, 2007
Posted by geoliv in : Trends , trackbackSeidenberg said this year’s show is different; there’s a new energy. And then there’s diversity in offerings, products and communications. Our products “are the disruptive force in the 21st century.” We are the delivery mechanism. Network investment fuels everything in consumer electronics, media development and new opportunities. The impact is felt well beyond the industry into the whole economy, said Seidenberg.
More than 50 percent of Americans have a broadband connection, and more than 75 percent are wireless. Only eight percent of Americans are deep media users (Web 2.0 junkies). The heaviest users generate incredible amounts of content every night. The surge of content “has changed our industry forever,” said Seidenberg.
The amount of bandwidth necessary is a result of broadband infrastructure. Our job is to provide speed and a pathway for all of this content. By 2010 there are going to be more than 50 million wireless units with broadband capabilities in the hands of Americans. Eighteen million homes will have 100 Mbps in the home.
Verizon’s moving towards G-Pond in FiOS and 4G in wireless (WiMAX?). Verizon envisions 40 Gbps speed in the future. Bandwidth creates the opportunity for network services. Verizon’s seeing incredible developments on handsets via their wireless networks. Video on the home.
Moving forward, Verizon’s announcing converged applications today (see announcements here on Verizon’s corporate site). Consumer revenues are growing. Data makes up fifty percent of their revenues. Revenue growth is occurring at a five percent clip. Internet traffic continues to grow, and Seidenberg sees investments in the networks as a down payment on the future, revenues, growth and innovation.
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