The agreement focuses on dark fiber for Google data centers, with the exact financial value currently under reported dispute.
Bastian Riccardi
Verizon has signed a deal with Google, according to a verified fact. The value of the agreement is disputed: some sources report it as over $1 billion, while one source states exactly $1 billion.
The deal is described as a dark-fiber arrangement for Google data centers. Reuters reported that Verizon signed a $1 billion dark-fiber deal for Google data centers.
Verizon CEO Dan Schulman characterized the Google dark fiber agreement as a foundational step in the company's broader push to support AI infrastructure connectivity. Schulman further noted that Verizon expects to announce additional deals before year-end, which are anticipated to generate billions in revenue over the coming years. The Google contract specifically targets data-center connectivity and remains distinct from the companies' prior collaborations on 5G networks, cloud services, and artificial intelligence integration.
Verizon CEO Dan Schulman confirmed that the Google deal focuses on data-center connectivity and marks the beginning of a broader push into AI infrastructure, with the company anticipating further multi-billion dollar agreements by year-end. Schulman described the initiative as 'consequential,' noting that the company is leveraging its long-haul and metro fiber assets to meet the high demand from hyperscalers. These upcoming AI-focused contracts are expected to impact revenue and margins starting next year, potentially offering a significant long-term growth opportunity beyond Verizon's core operations.
Verizon CEO Dan Schulman clarified that the Google deal focuses on data-center connectivity as the first step in a broader push to supply dark fiber infrastructure for hyperscalers. The company expects these AI-focused agreements to drive significant revenue growth over the next five to ten years, with additional multi-billion dollar contracts potentially finalized by the end of 2026. This infrastructure initiative leverages Verizon's existing long-haul and metro fiber assets to connect compute clusters and data centers, separate from the companies' prior collaborations on 5G and cloud services.
