Verizon just landed a $1 billion deal with Google to supply dark fiber for AI-powered data centers, signaling a major shift in its growth strategy. This isn’t a fluke—CEO hinted at more multi-billion deals on the horizon, fueling a new revenue stream in Verizon’s historically quiet business segment. While the deal is small in scale for the telecom giant, it’s a game-changer for long-term fiber growth. Financials are strong: free cash flow is up, dividends are well-covered, and subscriber growth hit a five-year high. Despite a slight revenue dip from fewer equipment sales, this AI infrastructure play could transform Verizon from a steady dividend payer into a dynamic growth story.
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