International Edition · Mon 26 Oct 2026
Technology · via The Wall Street Journal
Verizon Rents Its Fibre to the AI Boom and Raises Its Forecasts
Verizon raised its 2026 outlook and signed an AI infrastructure agreement with Amazon Web Services worth more than $2 billion.
Chanan Zevin - Chief Editor and Head of Desks
Published
The deal
Verizon lifted its outlook and signed an Amazon deal worth more than $2 billion, The Wall Street Journal reported. CNBC said the agreement uses Verizon fibre to connect AWS data centres for distributed AI computing.
The numbers
Verizon now expects 1.1 million to 1.2 million postpaid phone net additions this year, adjusted earnings per share of $5.04 to $5.06 and free cash flow growth of about 12%, according to CNBC's report on the third-quarter results.
Background
US carriers have been under pressure this month from SpaceX's push into mobile spectrum. Selling capacity to hyperscalers gives Verizon a growth story outside handsets.
Our view
The fibre in the ground is becoming an AI asset. Telecoms that can lease it to the cloud giants have found a new buyer at a useful moment.
Sources
- The Wall Street Journal, 'Verizon Lifts Outlook, Inks Amazon Deal Worth More Than $2 Billion', news archive, 26 October 2026 · wsj.com
- Verizon, 'Verizon Delivers Record Breaking 3Q26' (press release), 26 October 2026 · verizon.com
- CNBC, 'Verizon lifts annual forecasts, signs more than $2 billion AI infrastructure deal with AWS', 26 October 2026 · cnbc.com