Verizon set to break ground on Waltham building
Verizon Communications Inc. said it has scheduled a Thursday ground-breaking for a 60,000-square-foot building that will be an addition to its Waltham campus.
The existing two-building campus is known as Verizon Waltham Labs. When the new building is completed, something expected to happen roughly a year from now, the site will be renamed the Verizon Technology Innovation Center, a company spokesman said.
About 300 employees from Verizon Communications and Verizon Wireless work at the Waltham site. That head count is not expected to immediately increase when the third building opens next year.
Verizon Communications owns a majority stake in Verizon Wireless, a separate company.
The updated Waltham facility will focus on 4G Long Term Evolution, or LTE, wireless networks. Verizon Wireless has been building and testing its 4G LTE network in Boston since August, and the company expects to launch its 4G LTE network in 25 to 30 markets, covering roughly 100 million people by the end of 2010.
Plans call for part of the new building to feature an "experience center," where customers can experience some of the new technology offerings from Verizon Communications and Verizon Wireless.