The deal came to light this week as Verizon plans to reach up to 30 markets with its LTE network this year.
One of the challenges as Verizon and its competitors race to offer 4G services is getting enough backhaul to fuel intense data demand. Qwest will supply the fiber to Verizon’s cell towers to do just that. Qwest does not have its own wireless network – it resells Verizon’s service, in fact.
The transaction – whose financial details have not been disclosed – also signals that Qwest is looking beyond its declining legacy landline phone business to bring in revenue.