India, Oct. 26 -- Telecom major Verizon Communications Inc. on Monday reported higher third-quarter results and raised fiscal 2026 forecast.
Further, the company announced that it has signed an agreement valued at more than $2.0 billion with Amazon Web Services or AWS to expand its AI Infrastructure.
In the early morning trading on the NYSE, VZ shares were losing around 2.34 percent, trading at $43.62.
Verizon said the partnership with AWS establishes a commercial framework to scale distributed compute and meet the real-time demands of agentic and generative AI workloads.
Regarding the results, Dan Schulman, Verizon CEO, stated, "One year into our transformation, Verizon is fundamentally stronger operationally, financially, and competit...