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Tag: John Stratton

  • Verizon completes purchase of XO Comm fiber business

    Verizon completes purchase of XO Comm fiber business

    MUMBAI: As part of the company’s continual plans to build and deliver next-generation networks, Verizon Communications Inc. has announced completion of the US$ 1.8 billion purchase of XO Communications’ fiber-optic network business.

    Verizon’s purchase and integration of XO’s fiber network will help the company extend its suite of high-quality network services to its enterprise and wholesale customers. In addition, it will help the company in its plans to densify its cellular network, and to deploy new 5G technologies.

    “This transaction with XO will bring significant benefits in how we deliver superior services to our customers,” said Verizon executive vice president and president of operations John Stratton. “XO’s fiber network will add ever greater capacity and reach to Verizon’s networks, a combination that will lead to enhanced capabilities, better services and faster rollout of next generation communication networks.”

    Integration of all XO operations and facilities is expected to commence immediately. The company expects to achieve significant synergies by incorporating XO’s fiber assets as part of its current network operations. Verizon anticipates the transaction will deliver in excess of US$ 1.5 billion in operating and expense savings in net present value.

    In addition to the fiber transaction, Verizon has entered into an agreement to lease certain wireless spectrum from former XO affiliate NextLink Wireless. Verizon has an option, exercisable under certain circumstances, to buy NextLink.

  • Verizon completes purchase of XO Comm fiber business

    Verizon completes purchase of XO Comm fiber business

    MUMBAI: As part of the company’s continual plans to build and deliver next-generation networks, Verizon Communications Inc. has announced completion of the US$ 1.8 billion purchase of XO Communications’ fiber-optic network business.

    Verizon’s purchase and integration of XO’s fiber network will help the company extend its suite of high-quality network services to its enterprise and wholesale customers. In addition, it will help the company in its plans to densify its cellular network, and to deploy new 5G technologies.

    “This transaction with XO will bring significant benefits in how we deliver superior services to our customers,” said Verizon executive vice president and president of operations John Stratton. “XO’s fiber network will add ever greater capacity and reach to Verizon’s networks, a combination that will lead to enhanced capabilities, better services and faster rollout of next generation communication networks.”

    Integration of all XO operations and facilities is expected to commence immediately. The company expects to achieve significant synergies by incorporating XO’s fiber assets as part of its current network operations. Verizon anticipates the transaction will deliver in excess of US$ 1.5 billion in operating and expense savings in net present value.

    In addition to the fiber transaction, Verizon has entered into an agreement to lease certain wireless spectrum from former XO affiliate NextLink Wireless. Verizon has an option, exercisable under certain circumstances, to buy NextLink.

  • Verizon appoints Chris Formant to lead enterprise business

    Verizon appoints Chris Formant to lead enterprise business

    MUMBAI – Verizon Enterprise Solutions has found a new president in Christopher Formant. The appointment was announced by Verizon executive vice president and president of the company’s wireline organization John Stratton.

     

    In his role, Formant will be responsible for delivering business solutions to Verizon’s global enterprise clients in key industries: healthcare and insurance; financial services; technology; manufacturing, distribution, automotive and distribution; retail; energy and utilities; and the public sector. He will also lead a team driving sales, operations and marketing of the company’s strategic solutions in intelligent networking, dynamic cloud, mobile workforce, connected machines, security and professional service engagements.

     

    Formant’s background combines a unique blend of enterprise, early-stage company and global-business consulting experience. He was most recently senior vice president and president of Avaya Government Solutions and Avaya Professional Services. At Avaya, he was also president of Global Services, where he led a major business turnaround while significantly improving customer satisfaction and loyalty.

     

    Stratton said, “Chris has the expertise and marketplace know-how to ensure Verizon brings enterprise-class value to the world’s leading companies. His dynamic approach to matching technology solutions to business problems will be a great asset to Verizon clients everywhere they do business: throughout the U.S., Europe, Asia and Latin America.”

     

    In addition to his leadership roles at Avaya, Formant has held executive positions at PricewaterhouseCoopers and MBNA, as well as serving as adviser/investor to early-stage technology companies. He has been named as one of the Top 25 Most Influential Consultants by Consulting Magazine. Formant received his Bachelor of Science degree from Washington and Lee University and a Master of Business Administration from George Washington University.

     

    Verizon Enterprise Solutions is a leading provider of advanced IT and communications services to enterprise and governments around the world.

  • Eric Cevis Appointed President of Global Wholesale at Verizon

    Eric Cevis Appointed President of Global Wholesale at Verizon

    MUMBAI: Verizon Enterprise Solutions president John Stratton has appointed Eric Cevis to lead the unit’s global wholesale division. Cevis most recently led the Verizon’s global wholesale sales organization for the Americas.

    Verizon’s global wholesale team provides a comprehensive portfolio of voice, data, Internet, Ethernet, Global IP, FiOS and advanced cloud and security solutions, as well as professional service engagements. In his new role as president of global wholesale, Cevis will lead an international cross-functional team including sales, marketing and operational support.  The global wholesale organization supports customers including wireless service providers, IXCs, CLECs, ISPs, ILEC, MSO/cable and other telecommunications companies, as well as aggregators, resellers and content providers.

    “Eric has a proven track record of driving innovation and delivering results for our wholesale customers,” Stratton said. “His broad expertise, leadership and customer focus are essential as Verizon strengthens itself as a globally connected company.”

    Cevis has been with Verizon and its predecessor companies since joining Bell Atlantic in 1986, as a staff supervisor for government systems. He has held a variety of roles, including delivering bundled broadband communications services to entire communities; developing new business channels for the retail markets team; and leading sales efforts in emerging markets.

    He is a member, and has served as the national program chair, of the National Eagle Leadership Institute (NELI); serves on the advisory boards of the Consortium of Information and Telecommunications Executives (CITE) and the National Association of Black Telecommunications Professionals; and sits on the board of the National Multi Housing Council.  He is the founding president of the Mu Mu Chapter of Kappa Alpha Psi Fraternity, Inc., on the campus of George Mason University. He is also the executive champion for Disabilities Issues Awareness Leaders (DIAL), a Verizon employee resource group.

    Cevis holds a B.S. degree in marketing management from George Mason University and has done post-graduate work at Wharton.

    Verizon Enterprise Solutions is a leading provider of advanced IT and communications services to enterprise and governments around the world. Visit Verizon Enterprise Solutions for more information.