Verizon says it has invested $22.2 Billion in New York, encourages regulatory reforms

Following a study made by New York Public Service Commission about the state of telecommunications, Verizon has asked the regulator to implement a series of reforms that it says will promote innovation and investment. This was at the heart of the service provider's response to the PSC's "Assessment of Telecommunications Services" in New York, which it released in June. It also asked the PSC to apply the same rules to any service provider that operates in the same state and that those rules reflect today's competitive marketplace realities.

In making its argument, Verizon said that it has invested more than $22.2 billion in its wireline network in New York State since 2000. In 2014, the service provider invested over $1 billion on the network. The service provider cited an economic analysis of the state of telecommunications in New York, prepared by Georgetown University economist John W. Mayo. Mayo's study focused on how current wireline regulations were put in place during a time when voice was the only telecom service consumers used.