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Verizon Expanding Broadband with New Strategic Fiber Agreement
Globenewswire· 2025-10-27 12:00
Core Insights - Verizon Communications Inc. and Tillman Global Holdings have announced a commercial fiber agreement with Eaton Fiber LLC to enhance Verizon's broadband and mobility convergence strategy [1][2][3] Group 1: Agreement Details - The agreement aims to expand Verizon's premium broadband offerings and will complement ongoing fiber builds and the planned acquisition of Frontier [2] - It is expected to deliver ultra-fast, high-capacity fiber service to homes in markets outside of Verizon's and Frontier's current fiber-to-the-home footprint [2][3] Group 2: Strategic Goals - Verizon's strategy focuses on leading the market in premium mobility and broadband convergence, with fiber being the foundation of this leadership [3] - The partnership with Tillman is seen as a significant expansion of fiber deployments, emphasizing a shared commitment to next-generation infrastructure [3] Group 3: Market Expansion and Exclusivity - The agreement targets serviceable addresses in new markets, rapidly expanding Verizon's fiber availability and increasing access to Fios [8] - Verizon will be the exclusive retail provider of residential fiber services over the new network during the build phase and for an additional period, ensuring a competitive advantage in subscriber acquisition [8] Group 4: Funding and Responsibilities - Eaton Fiber will fund and build the network, handling maintenance and installation, while Verizon will manage sales, marketing, and end-user customer service [8]