Verizon, a major US telecommunications company, raised its full-year outlook and signed an agreement worth more than $200 million with AWS, a major cloud services provider, in the AI infrastructure sector.
Verizon announced that it had raised its full-year outlook for 2026. Although specific figures were not provided in the article, the revision suggests an improved outlook.
The company was reported to have signed an agreement with Amazon Web Services (AWS) to build AI infrastructure, with the contract said to be worth more than $200 million.
The agreement relates to the development of AI infrastructure, with AWS reportedly supporting Verizon's data processing and computing infrastructure.
The article does not provide specific figures for any additional information expected in the future or the impact on earnings, and further updates are awaited.