Verizon announced a dark fiber connectivity agreement with Google valued at over $1 billion. The company revealed the deal during its second-quarter earnings call on July 24, 2026. This partnership connects Google’s data centers to support high-capacity data transfers for artificial intelligence workloads.
Verizon will monetize its network by leasing unused fiber capacity to technology companies building AI infrastructure. Google gains dedicated, high-capacity network routes to support its expanding data center footprint.
CEO Dan Schulman expects Verizon to announce several more multi-billion dollar AI infrastructure deals by the end of 2026.