This next-generation technology will support private and public IP services, including Ethernet, while offering greater capacity, reduced power consumption per gigabit, increased cost efficiency and a technology roadmap to scale in the future.
"Service providers face significant operational challenges as packet data traffic volume across global wireline and broadband wireless networks is forecast to increase seven-fold by 2015, driven by significant increases in Internet, IP data, video, over-the-top traffic, content distribution networks and mobile data traffic," said Nav Chander, research manager, enterprise telecom at IDC. "Verizon's decision to deploy a next-generation packet optimized core transport solution helps Verizon better prepare and manage this network growth for the diverse packet data applications across its global network infrastructure and portfolio of wireless and wireline services."
Verizon and Juniper Networks teamed to leverage proven MPLS technology and create a highly scalable, simplified network architecture capable of supporting powerful cloud, video and advanced applications worldwide.
"Verizon's market leadership is founded not only on the delivery of quality services and meeting customers' needs but through collaboration with key industry players such as Juniper Networks," said Tarazi.Verizon worked closely with Juniper Networks to advance the Junos Express chipset to achieve lowered power requirements, increased performance and reduced cost – all of which help meet the growth challenges of Verizon's customer base. Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with 93 million retail customers nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500. A Dow 30 company with $111 billion in 2011 revenues, Verizon employs a diverse workforce of nearly 192,000. For more information, visit www.verizon.com . About Juniper Networks
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV