Verizon (NYSE: VZ) has won a six-year, $186 million agreement to continue designing, installing and managing a private Internet protocol communications network for the U.S. Postal Service, Verizon announced Tuesday.
Verizon said it will design and manage the private, converged IP network in order to support mail system functions.
According to the company, the network supports more than 55, 000 postal employees and assists customer service efforts at some 31, 000 Postal Service locations.
Verizon currently provides satellite and videoconferencing services to Postal Service. Verizon won an award in 1997 to build a private network, which the company continues to manage.