Verizon Sells AWS $2 Billion of Fibre for Its AI Boom
Verizon Sells AWS $2 Billion of Fibre for Its AI Boom By Daniel Rao | 27 October 2026 Here is the strangest thing about Verizon's week: the phone company that spent years begging you to upgrade your handset just made more money from the cables under the street than from the phones in your pocket — or at least, that is where its future now lies. Verizon has signed an agreement worth more than $2 billion with Amazon Web Services to supply the fibre-optic connectivity that will stitch AWS data centres together for the age of agentic AI, and it announced the deal on the same morning it reported its best third quarter for phone additions in five years. The phones are back. The fibre is the story. The agreement, announced on Monday alongside Verizon's third-quarter results, establishes what Verizon calls a commercial framework to scale distributed computing for the real-time demands of agentic and generative AI workloads. In plainer language, reported by Reuters, Verizon will pro...