Verizon Google Dark Fiber Deal Tops $1B

Verizon disclosed a dark fiber connectivity deal with Google valued at more than $1 billion to link Google’s data centers, announced by CEO Dan Schulman during the Q2 earnings call. Schulman said additional deals are expected by year-end that could generate multiple billions in revenue over the next several years, signaling a broader push into AI infrastructure connectivity. The deals leverage Verizon’s fiber footprint to support hyperscale AI workloads, edge computing, and low-latency data transfers for advanced applications. The announcements come as Verizon boosts its earnings guidance and pursues strategic transformation, including retrofitting central offices into data centers and expanding a dedicated connectivity services division. Verizon’s stock rose on the news as management highlighted favorable long-term revenue streams despite near-term variability in revenue mix. These developments underscore Verizon’s pivot from traditional telecom services toward high-capacity infrastructure provisioning for major tech platforms.