Verizon Signs $1 Billion Dark-Fiber Deal for Google Data Centers
Verizon has signed a multi-billion-dollar dark-fiber deal with Alphabet's subsidiary, Google, to provide high-capacity connectivity between the tech giant’s data centers. The agreement was disclosed by Verizon CEO Dan Schulman during an earnings call and is valued at over $1 billion. Dark fiber allows customers like Google greater control over their network infrastructure compared to managed services. The deal aligns with Alphabet's broader push into AI, which has driven its capital expenditures up significantly in 2026. The company now expects capex between $195 billion and $205 billion for the year—most of it directed toward servers, data centers, and networking equipment. Verizon also raised its full-year financial outlook following strong subscriber growth and cost controls. It added over 184,000 wireless subscribers in Q2, exceeding expectations.
Topics: AI infrastructure dark fiber data centers telecommunications