Verizon and Fujitsu Network Communications have received the Global Telecoms Business award for Wholesale Service Innovation at the GTB Telecoms Innovation Summit & Awards event in London, the companies said.
The Wholesale Service Innovation award recognizes projects involving two or more telecoms companies aimed at improving or extending coverage or service.
Verizon and Fujitsu received the award for Verizon´s VzON/EPL — Optical Extension (VzON-OE) service which delivers point-to-point, and point-to-multipoint connectivity of voice, video and data transport on Verizon´s network. Fujitsu´s FLASHWAVEÂ® 9500 Packet Optical Networking Platform (Packet ONP) powers the offering.
As the Carrier Ethernet market continues to evolve, and competition increases with the growing need to control costs, service providers are seeking to leverage economies of scale to more efficiently manage network CapEx and OpEx dollars.
Verizon´s VzON/EPL — Optical Extension (VzON-OE) service delivers high bandwidth connectivity for enterprise and wireless providers by leveraging dedicated Ethernet transport with direct fiber, and native Ethernet interfaces without the need for a network interface device (NID). The solution removes most of the requirements for customer premises electronics associated with a standard VzON/EPL solution.
The Optical Extension service provides an innovative, low-cost, fiber-based dedicated Ethernet solution that offers competitive pricing and helps to reduce subscribers´ total cost of ownership for growing bandwidth needs when compared to Ethernet network alternatives.
Verizon plans to begin trials of its new Ethernet Optical Extension service this year, with official product launch planned for summer 2017.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, has a diverse workforce of 161,000 and generated nearly USD 126 billion in 2016 revenues.
Fujitsu Network Communications, Inc., is a partner to a broad spectrum of customers across all industries, enabling them to realize the maximum value from their communications networks.