Why it matters
The strategic read
Turns hyperscaler AI-network demand into a billion-dollar contracted fiber lane for Verizon. The agreement links multiple Google data-center routes and validates long-haul dark fiber as a distinct infrastructure bottleneck alongside compute, power and cooling.
Source-supported terms
What was disclosed
- 01
Verizon CEO Dan Schulman disclosed the signed agreement on the company's July 24, 2026 post-earnings call.
- 02
The Google agreement is valued at more than $1B.
- 03
Verizon will provide dark-fiber connectivity for Google's data centers.
- 04
The agreement covers multiple dark-fiber routes.
- 05
Verizon expects revenue from this and related AI-connectivity contracts to build over the next several years.
- 06
Schulman said Verizon expects to announce additional deals by year-end that together would represent multiple billions of dollars of revenue.
Disclosure boundary
What is known—and what is not
Verizon's primary earnings-call disclosure, corroborated by Reuters' direct report of CEO Dan Schulman's remarks, identifies Google as the customer, confirms a signed agreement worth more than $1B and describes dark-fiber connectivity for multiple data-center routes. Public materials do not disclose the exact contract value, term, route locations or mileage, construction scope, revenue-recognition schedule, pricing, capacity, service levels, deployment milestones, remedies or termination rights.