Verizon backs $1.5B fiber deal to reach 1 million more locations

Verizon said it is part of a $1.5 billion collaboration with Bain Capital, Tillman Global Holdings, Eaton Towers, and Ripple Fiber to expand fiber broadband to 1 million additional locations outside Verizon’s existing wired footprint.

TL;DR

• Verizon joined Bain Capital, Tillman Global Holdings, Eaton Towers, and Ripple Fiber in a $1.5 billion fiber broadband collaboration.
• The project targets 1 million more locations beyond Verizon’s current wired footprint.
• The source description did not specify a launch date, geography, or rollout timeline.

The collaboration includes Verizon, Bain Capital, Tillman Global Holdings, Eaton Towers, and Ripple Fiber. The reported investment size is $1.5 billion. The stated purpose is to expand fiber broadband infrastructure.

The project plan is to pass 1 million additional locations. The expansion is outside Verizon’s existing wired footprint, which indicates the build will target areas not currently served by Verizon’s wireline network.

The source material provided here does not name the countries, cities, or states involved. It also does not state when construction will begin, how the network ownership will be structured, or whether the service will be sold directly by Verizon, Ripple Fiber, or another provider.

Related questions

• Which companies are part of the $1.5 billion Verizon fiber collaboration?
• How many additional locations does the project aim to reach?
• Will the expansion take place inside or outside Verizon’s current wired footprint?