Verizon signs optical fiber deal with Corning to expand broadband, support AI growth
Verizon signs optical fiber deal with Corning to expand broadband, support AI growth Sept 8 (Reuters) - Verizon VZ.N said on Tuesday it has signed an agreement with specialty glass maker Corning GLW.N for high-density optical fiber, as the telecom company ramps up broadband expansion and reinforces network infrastructure to support AI workloads.
The multi-billion-dollar deal builds on the three-decade partnership between the two companies. Its financial terms were not disclosed.
As part of the agreement, Corning will supply more than 80 million miles of high-density optical fiber and connectivity solutions between 2027 and 2032.
The fiber deployment, according to Verizon, will speed up broadband expansion for homes and businesses and bolster the high-capacity, low-latency infrastructure required by AI hyperscalers.
(Reporting by Prathik Jayaprakash in Bengaluru; Editing by Shilpi Majumdar)
((Prathik.Jayaprakash@thomsonreuters.com; +91 9916364306))
Recent news on Verizon Communications
See all newsSpaceX seeks access to 80,000 US cell sites for wireless network, Bloomberg News reports
US STOCKS-Nasdaq leads Wall Street gains as SpaceX, Super Micro boost AI sentiment
AT&T slides as fiber revenue per user weakens
Analysis: SpaceX's spectrum deal still leaves it far from rivaling telecom giants
US appeals court invalidates federal $9 billion telecom subsidy fund