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VERIZON LIFTS ANNUAL FORECASTS, SIGNS $1 BILLION FIBER DEAL WITH GOOGLE

  • NEWS Desk Global
  • Jul 24
  • 1 min read

Verizon raised its annual adjusted profit forecast and said it had secured ​a more than $1 billion deal with Google to provide dark fiber ‌connectivity for its data centers, sending the telecom operator's shares up 3%.

More agreements are expected by the year-end that could generate multiple billions of dollars in revenue over ​the next several years, Verizon CEO Dan Schulman said on ​a post earnings call.

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