Overview
- Verizon said it has signed a dark‑fiber contract with Google worth more than $1 billion for dedicated links that Google will use to connect its data centers.
- The company described the deal as part of a plan to build a standalone connectivity division that leases unused fiber strands to large enterprises and cloud providers.
- Verizon reported it has a pipeline of similar opportunities and expects to announce additional agreements that together could total multiple billions of dollars in revenue over the next several years.
- Executives said the fiber strategy complements a restructuring drive that is on track to deliver at least $9 billion in combined operating and capital spending reductions.
- Dark fiber is leased, unused fiber optic cable that customers light with their own equipment to get private, high‑capacity links, and telecoms are increasingly selling these assets to meet cloud providers’ demand for data‑center connectivity.