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Verizon Quantum Internet Service to Help Power Lower Manhattan Business Competition



   Verizon Quantum Internet Service to Help Power Lower Manhattan Business
                                 Competition

Company Partners with 'Take the HELM' to Encourage Startups to Locate in the
Area and Be Employment Amplifiers

PR Newswire

NEW YORK, July 11, 2013

NEW YORK, July 11, 2013 /PRNewswire/ -- In its continued commitment to the
revitalization and growth of lower Manhattan, Verizon is partnering with Take
the HELM, a competition offering more than $1.25 million to innovative
companies opening offices in the downtown area. Verizon will provide FiOS
Quantum, the company's super-high-speed Internet service, at no charge for one
year to the winners in the startup category of the competition. The deadline
for entering is Monday (July 15).

Take the HELM (Hire and Expand in Lower Manhattan) is an initiative of the New
York City Economic Development Corporation and the Lower Manhattan Development
Corporation.  In its second year, this innovative business competition is
designed to provide to business startups and entrepreneurs recognition and
awards for contributing to the evolution of lower Manhattan as a diverse hub
of the creative economy.  Up to four winning competitors will receive cash
prizes up to $250,000 to open or expand their office in lower Manhattan, up to
four runners-up will receive $50,000, and up to twenty finalists will receive
$10,000.       

FiOS Quantum Internet service – which offers downstream speeds of up to 300
megabits per second and upstream speeds of up to 65 Mbps – will help the
winning startup companies develop and refine their business models and
projects in lower Manhattan.  

"Our main goal through the Take the HELM competition is to highlight and
enhance factors in lower Manhattan that will allow companies to grow and
thrive," said NYCEDC Executive Director Kyle Kimball.  "Thanks to Verizon, the
startup finalists that locate in lower Manhattan will have the added bonus of
free FiOS Quantum Internet service.  This generous award, which will better
the connectivity of New York City, will be central to helping us achieve our
objective."

Angie Klein, Verizon vice president for marketing for the company's Northeast
region, said: "While lower Manhattan is often thought in terms of big
businesses, the area thrives on the ingenuity, creativity and passion of the
entrepreneurial spirit.  The Take the HELM competition provides a perfect
platform for our FiOS Quantum Internet service to help these startups to build
their business, transfer ideas, collaborate and help keep downtown Manhattan
the thriving place it is today.  With a powerful all-fiber backbone network
that we have installed in lower Manhattan, we are helping these small-business
competitors contribute to the innovation economy of downtown and be best
positioned to create, develop and roll out their business."

Said Carl Weisbrod, partner at HR&A Advisors and administrator of Take the
HELM: "Having Verizon as a partner in this initiative underscores the
attractiveness of lower Manhattan to creative businesses that are dependent
upon state-of-the-art, reliable, high-speed telecommunications service.
 Verizon has made an extraordinary investment in the area that has provided
the district with one of the most advanced communications networks in the
world."

Following superstorm Sandy, during which the bulk of lower Manhattan's
decades-old copper infrastructure was either washed away or destroyed beyond
repair, Verizon installed a fiber-optic infrastructure for the area.  With the
new technology serving this critical part of Manhattan, Verizon's residential
and business customers are experiencing a more reliable and resilient
communications network, with higher and faster broadband capabilities, and one
that can handle the continued growth of telecommunications and Internet
traffic well into the future.

Small-business owners have told Verizon that the ability to forward their
phones to working office space and the ability to access their data remotely
is a paramount concern during emergencies or natural disasters.  Customers who
had Verizon FiOS coupled with cloud-based Online Backup and Storage were able
to retain critical data that could have been lost during superstorm Sandy.

Verizon's FiOS Quantum Internet service, rated No. 1 for speed according to
pcmag.com, is delivered over the company's 100 percent fiber-optic network,
which connects directly to residences and businesses.  With Verizon's top
offering of 300 Mbps, businesses can quickly download documents, watch
webinars and live webcasts, participate in videoconferencing, access files
from the cloud, and upload files and communicate with clients.  For example,
with Verizon's fastest service a business could transfer 10 gigabytes of data
in just 4.4 minutes.

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 nearly 99 million retail connections 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 nearly $116 billion in 2012 revenues,
Verizon employs a diverse workforce of 181,900.  For more information, visit
about.verizon.com.

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and
biographies, media contacts and other information are available at Verizon's
online News Center at newscenter.verizon.com.  The news releases are available
through an RSS feed.  To subscribe, visit
newscenter.verizon.com/corporate/feeds.

SOURCE Verizon

Website: http://www.verizon.com
Contact: John Bonomo, 212-321-8033, john.j.bonomo@verizon.com
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