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Verizon has secured a contract worth more than $1 billion with Google to provide dark fiber connectivity for Google’s data centers, signaling a push to expand AI and cloud infrastructure through high-capacity private networks. The announcement, made during Verizon’s earnings update, points to additional multi-billion-dollar deals expected by year-end as Verizon reorients its business around enterprise connectivity and AI-ready infrastructure.
Verizon has extended its CEO contracts through December 31, 2028, with automatic one-year renewals thereafter, signaling leadership continuity as the company navigates ongoing transformation. The deals include guaranteed compensation terms, notably a long-term incentive target of at least $25 million, underscoring the board’s commitment to stable, long-range leadership.
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