Verizon signs $2 billion cloud infrastructure deal with AWS after lifting forecasts

Communications giant Verizon has signed an AI infrastructure agreement with Amazon Web Services worth over $2 billion while raising its 2026 outlook for a third straight quarter. The company cited record subscriber gains and an increasing demand for its fiber network, according to Quartz. What the Verizon AWS deal covers Verizon will provide fiber connections to Amazon Web Services (AWS) to support AI systems. The deal will link AWS data centers with high-speed fiber lines to handle the large amounts of data these systems need to process, according to Reuters. “Technology leaders are choosing our fiber network to support the next wave of AI infrastructure,” Verizon CEO Dan Schulman said in a statement from the company. The deal follows a similar move Verizon made earlier this year.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Cryptopolitan.