Verizon signed a $1 billion deal with Google to provide dark fiber connectivity for data centers. This agreement supports Verizon’s strategy to meet rising demand for AI infrastructure.

The company is retrofitting legacy central offices into edge data centers for AI inference. This transformation aims to establish a new revenue stream from distributed computing.

Verizon’s CEO expects to announce additional deals worth multiple billions of dollars by year-end. These partnerships leverage existing physical network assets to secure a role in the AI ecosystem.