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Jul 24, 2026

Verizon Signs More Than $1 Billion Dark Fiber Deal with Google for Data Center Connectivity

Dark fiber connectivity contract worth over $1 billion, announced July 24, 2026, linking Verizon's fiber network to Google's data centers. Following the announcement, Verizon raised its annual adjusted profit forecast and its stock rose 3%.

Jul 24, 2026·9 sources

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Top claims

▪Verizon expects to announce additional fiber connectivity agreements by the end of 2026 that are expected to generate multiple billions of dollars in revenue over the next several years
▪Alphabet raised its 2026 capital-expenditure guidance to between $195 billion and $205 billion, up from $180 billion to $190 billion, to fund AI infrastructure
▪Verizon CEO Dan Schulman announced a deal with Google valued at more than $1 billion to provide dark fiber connectivity for Google's data centers

Topics

Cloud infrastructure Data center infrastructure