STOCK TITAN

Verizon to Establish Network Point-of-Presence at NJFX

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

On October 14, 2020, NJFX announced that Verizon Communications Inc. (VZ) is establishing a new Point-of-Presence (PoP) at its Cable Landing Station (CLS) campus in Wall, NJ. This partnership enhances Verizon's global network capabilities, providing customers access to subsea cable systems connecting North America with Europe and South America. The NJFX facility offers robust, secure, and reliable connectivity options, critical for diverse sectors. This collaboration positions NJFX as a key hub for international communications, affirming Verizon's commitment to expand its network services and meet evolving client needs.

Positive
  • Verizon's new PoP at NJFX enhances global connectivity options.
  • Direct interconnection with multiple subsea cable systems supports international data transport.
  • Strategic facility location enhances network reliability by bypassing common failure points.
Negative
  • None.

WALL, N.J., Oct. 14, 2020 /PRNewswire/ -- NJFX, the only Cable Landing Station (CLS) colocation campus in the U.S offering Tier 3, carrier-neutral data center capabilities, today announces that Verizon Communications Inc. (NYSE, Nasdaq: VZ) is deploying a new network Point-of-Presence (PoP) at its CLS campus, providing access to Verizon's global network. One of the largest communication technology companies in the world, Verizon operates America's most reliable wireless network and the nation's premier all-fiber network, delivering integrated solutions to businesses worldwide.

"We are especially pleased that Verizon has chosen to establish a Point-of-Presence at our CLS colocation campus, as one of three current backhaul providers at NJFX with underground fiber for its long-haul routes," states Gil Santaliz, CEO for NJFX. "It has always been our vision to develop NJFX to become North America's preeminent international hub for subsea communications, interconnecting many international carriers across three continents with multiple secure and reliable backhaul and U.S. termination options. World-class communications providers such as Verizon, as well as subsea cable operators, enterprises and cloud providers within our CLS ecosystem, recognize that NJFX provides a nexus for collaboration where they can build out new and reinforce existing networks with diverse routes while extending their global reach."

Leveraging its strategic presence at the NJFX CLS, Verizon and its customers will have the ability to directly interconnect with subsea capacity services across the Atlantic to Ireland, Denmark and Northern Europe. Strategically located 64 feet above sea level and Category 5 hurricane resistant, the NJFX CLS campus facility offers direct access to multiple independent subsea cable systems, including AEC-2, TGN1, TGN2, and Seabras. Customers can now access Verizon's global network at NJFX and interconnect with these four subsea cable systems to Europe and South America. European-based clients can transport data to Verizon's PoP at NJFX and extend their reach to major U.S. metro markets.

NJFX is unique in that it offers access to underground fiber on a long-haul network from multiple backhaul providers for direct and diverse connectivity to core U.S. markets, including Ashburn, Chicago, Dallas, North Carolina, Philadelphia, and other cities, thereby bypassing common points of network failure such as New York City, Northern New Jersey, and Miami. Access to multiple backhaul routes creates truly diverse options that ensure reliability, availability and security of data transport – a critical requirement for carriers and content providers, financial services, healthcare and other enterprises, as well as government agencies, which depend upon maximum uptime. 

"At Verizon, we believe that the network is an engine for business growth and innovation," comments Lynn Smullen, Division Vice President of Sales at Verizon Partner Solutions, "In order to best serve the needs of our customers, we must continue to provide reliable, high performing, secure global connectivity that flexes and scales to meet the evolving needs of our customers. The deployment of a new Verizon network Point-of-Presence at NJFX will expand our clients' transoceanic and terrestrial connectivity options, presenting new business opportunities both intercontinentally and across North America."

For more information, please visit www.njfx.net.

About NJFX
NJFX owns and operates a 64,800 square foot purpose-built Tier 3 Cable Landing Station (CLS) Colocation facility and 58-acre campus in Wall, NJ. This unique campus is the only carrier-neutral CLS colocation campus in the U.S supported by several route-independent carriers that offer direct access to multiple independent subsea cable systems interconnecting North America, Europe, South America and the Caribbean. The facility offers direct access to TGN1, TGN2, and Seabras. The building is the subsea cable landing of HAVFRUE/AEC2 this year as well as Wall-LI in the future. High and low-density colocation solutions are available with 24/7 support.

To request a meeting with NJFX executives, please email meetings@njfx.net. For more information, please visit www.njfx.net.

About Verizon
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, generated revenues of $130.9 billion in 2018. The company operates America's most awarded network and the nation's premier all-fiber network, and delivers integrated solutions to businesses worldwide. With brands like Yahoo, TechCrunch and HuffPost, the company's media group helps consumers stay informed and entertained, communicate and transact, while creating new ways for advertisers and partners to connect. Verizon's corporate responsibility prioritizes the environmental, social and governance issues most relevant to its business and impact to society.

VERIZON'S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at www.verizon.com/about/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon com/about/rss-feeds/.

For NJFX media inquiries, please contact:
JSA
+1.866.695.3629 ext. 13
jsa_njfx@JSA.net

For Verizon media inquiries, please contact:
Kevin King
410-353-3234
kevin.king@verizon.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/verizon-to-establish-network-point-of-presence-at-njfx-301152057.html

SOURCE NJFX

FAQ

What is the significance of Verizon's new Point-of-Presence at NJFX?

Verizon's new PoP enhances connectivity to international subsea cable systems, expanding global network access.

How does the new Verizon PoP impact businesses?

It provides businesses with better access to reliable global connectivity options, crucial for data transport.

What are the benefits of NJFX's facility for Verizon?

NJFX offers secure, reliable connections while bypassing major network failure points, enhancing service quality.

When was the announcement made regarding Verizon's PoP at NJFX?

The announcement was made on October 14, 2020.

What is Verizon's stock symbol?

Verizon's stock symbol is VZ.

Verizon Communications

NYSE:VZ

VZ Rankings

VZ Latest News

VZ Stock Data

180.99B
4.21B
0.04%
65.53%
1.2%
Telecom Services
Telephone Communications (no Radiotelephone)
Link
United States of America
NEW YORK