NewsMV
A dark-fiber contract worth more than $1 billion to link Google data centers is the opening deal under Verizon Communications' (VZ) new "AI Connect" initiative, disclosed on the company's second-quarter 2026 earnings call.
Chief Executive Dan Schulman projected that additional AI-related agreements, expected before year-end, would collectively be "worth multiple billions of dollars in revenue over the next several years." The next confirmable event is that announcement.
The Google contract Verizon's dark-fiber routes will carry traffic between Google data centers.
The value exceeds $1 billion, making it a meaningful single-counterparty commitment for what is essentially a connectivity service.
Keep reading