Team 34 - Verizon

Project Abstract

Verizon, a global leader in telecommunications technology, constantly seeks to modernize their infrastructure and technology. As equipment shrinks in size and grows in power, consolidation of older devices into smaller technology creates empty space in Verizon-owned central office (CO) sites across the US. Already paying to maintain the space, Verizon is searching for ideas for how to utilize this space for a profit. From a list of 12 ideas, our team identified two feasible solutions that can be implemented in different sizes of COs across the US: a data center solution and a solar solution. Our team conceptually broke each solution into the implementation cost, maintenance cost, and revenue potential. Next, our team researched the details of the previous step, building scalable cost models of each solution that integrate our market research. Finally, from our analysis, we delivered a written business plan and both cost models to Verizon. This includes a detailed “proof of concept” and cost estimate for each solution to allow Verizon to make informed decisions regarding their space usage. Each solution creates over $100,000 in revenue per year and makes significant progress towards Verizon’s internal goals relating to sustainability and emerging market technology. Using Verizon’s Blacksburg, Virginia CO as a scalable unit, our team estimates that Verizon could make over $5.54 billion in profit from implementing our solutions across the US over the lifetime of both solutions, which is 8 years for the data center solution and 35 years for the solar solution.

Team Members
Roman Ciocca; Madison Harmon; Mollie McKee; Joseph Sorge

Client Contact
Dennis Woolwine; Ed Rodier; Andrew Bielecki; Shawn Nuttall

Advisor
Dr. Manish Bansal