BAKU, Azerbaijan, July 24. Verizon has signed a contract worth more than $1 billion with Google to provide dark fiber connectivity for the technology company's expanding network of data centers, Verizon Chief Executive Officer Dan Schulman announced on Friday.
Speaking during Verizon's post-earnings conference call, Schulman said the agreement represents a major milestone for the company's infrastructure business and reflects growing demand for high-capacity network connectivity driven by cloud computing and artificial intelligence.
Under the agreement, Verizon will supply dark fiber infrastructure that Google can use to connect and expand its data center operations. Dark fiber refers to unused optical fiber that customers can operate independently using their own networking equipment.
Schulman also revealed that Verizon expects to announce several additional infrastructure agreements before the end of the year.
According to him, those upcoming contracts, combined with the Google agreement, are expected to generate multiple billions of dollars in revenue for Verizon over the coming years.
The announcement underscores increasing investment by major technology companies in digital infrastructure as demand for cloud services, AI applications and large-scale data processing continues to accelerate worldwide.
