Verizon Signs Over $1 Billion Agreement With Google for Dark Fiber Connectivity
Verizon Communications announced during its second-quarter earnings call that it has signed a multi-billion-dollar agreement with Google to provide dark fiber connectivity. Under the deal, Google will use Verizon's existing network infrastructure to connect its data centers across the United States. The partnership is expected to leverage Verizon’s underutilized fiber-optic cables—known as 'dark fiber'—to expand high-speed internet and cloud services for large-scale clients like Google. This move aligns with growing demand in the tech sector for robust, low-latency connectivity solutions. For Verizon, this agreement represents a significant revenue stream from its infrastructure assets without requiring new construction or capital investment.
