At a UBS AG conference in New York on Tuesday, bigwig US carrier Verizon Communications revealed that fiber-optic cable will replace the copper wire damaged by Hurricane Sandy.

With the wireline network upgrade essentially aimed at enabling the carrier to sell more services to its customers, Verizon CEO Lowell McAdam told the conference attendees that the installation of fiber-optic cable in Sandy-damaged areas was being undertaken at an accelerated pace.

According to McAdam, the accelerated pace of fiber-cable installation will not only bring down the carrier's maintenance costs linked to wireline network, but will also providing the company with an almost immediate increase in revenue from customers.

In areas where Verizon looking to improve its scale, the company is planning to transfer the maximum possible services onto the high-speed FiOS network, from the older and comparatively much slower copper lines.

With Verizon, like AT&T and the other US carriers, virtually rebuilding its network since the devastating Hurricane Sandy hit the Northeast US on October 29, causing havoc to the services of cable and phone companies, McAdam said that the superstorm had prompted the carrier to speed up its plan of upgrading its facilities.

Meanwhile, stating that he feels upbeat about the coming year, McAdam pointed out that Verizon has been witnessing sustained gains in wireless revenue, subscribers, and landline profitability.