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20,000 jobs created by Telecoms in Ohio

December 14, 2010 – Comments (3) | RELATED TICKERS: VZ , T , S

Verizon CEO "good news demand is returning,"

"good news" because it suggests that "demand is returning," Ivan Seidenberg, CEO of Verizon (VZ, Fortune 500) and chairman of the Roundtable said in a statement.

"When demand increases, capital expenditures and employment follow -- which is what we expect to see in the next six months," he said.

Seidenberg did acknowledge that economic conditions remain far from robust: "There is still more work that needs to be done to get the economy back on the path toward strong, sustainable growth."

 

Telecoms invest $540M, create 20,000  jobs in Ohio

 Dayton Business Journal Date: Tuesday, December 14, 2010, 1:04pm EST -

  Last Modified: Tuesday, December 14, 2010, 2:00pm EST

More than $500 million in telecom projects that will create 20,000 jobs across Ohio were announced in the second half of 2010, including $7.6 million in work in the Dayton region expected to create nearly 400 local jobs.

On Tuesday, the advocacy group Technology for Ohio’s Tomorrow released new stats from its telecommunications investment tracker, which show $542 million dollars have been committed to projects in Ohio between June and December. The work is expected to create more than 20,000 jobs statewide.

In the Dayton region, the numbers include a $4.6 million project by Hometown Cable Co. LLC to bring broadband to rural areas of Preble and Darke counties and a $3 million project by Connect Ohio to update public computer systems. The work is expected to create 230 and 150 new jobs, respectively.

The statewide numbers include a $150 million investment by Frontier Communications Corp. — which recently acquired the local landline operations of Verizon Communications (NYSE: VZ) in Ohio and 13 other states — to upgrade systems and bring high-speed Internet to more local customers. In September, Frontier officials told the Dayton Business Journal the company will spend $15 million to $20 million, and possibly more, in its Southwest Ohio district during the next three years.

“These new investments will improve services for consumers and businesses and create jobs, while also making it easier for our state to compete for high-tech jobs in the future,” said Caitlin Benedetti, director of Technology for Ohio’s Tomorrow, in a statement.

Read more: Telecoms invest $540M, create 20K jobs in Ohio | Dayton Business Journal