Verizon Communications (NYSE:VZ) has signed a commercial fiber agreement with Eaton Fiber LLC, an affiliate of Tillman Global Holdings, according to an official statement on Monday.
The agreement will expand Verizon’s premium broadband offering, complementing the company’s ongoing fiber builds and planned acquisition of Frontier.
The agreement is expected to bring ultra-fast, high-capacity fiber service to homes and customers in markets outside of Verizon’s and Frontier’s current fiber-to-the-home footprint.
Verizon will be the exclusive retail provider of residential fiber services over the new network through the build phase and for an additional time period.
Eaton Fiber will fund and build the network and be responsible for network maintenance and installation.
Verizon will be responsible for sales and marketing and end-user customer service.
The financial terms of the agreement were not disclosed.
