AT&T (NYSE: T) announced a multi-year purchase agreement with Corning (NYSE: GLW) to provide next-generation fiber, cable, and connectivity solutions to support the expansion of AT&T’s fiber network. The agreement, valued at more than $1 billion, is a continuation of a long-established collaboration between the two companies.
AT&T is expanding its network through organic investment, its Gigapower joint venture with BlackRock (NYSE: BLK), and several recently announced commercial open-access agreements. AT&T recently delivered its fifth straight quarter of broadband subscriber growth, passing 28.3 million consumer and business locations and is on pace to pass over 30 million locations by the end of 2025, Inside Towers reported.
As Corning’s largest customer with preferential volume status for Corning’s connectivity solutions, AT&T believes it can accelerate its network expansion and enhance network performance while minimizing deployment costs. AT&T will use the latest additions to Corning’s Evolv portfolio of connectivity solutions, including Evolv FlexNAP with Multifiber Pushlok Technology, which will be compliant with the Build America, Buy America provisions of the BEAD program.
“This new multi-year agreement with Corning helps us to connect more households, communities, and businesses with the high-speed, reliable internet they need to thrive in a digital world,” comments John Stankey, AT&T CEO.
Wendell P. Weeks, Corning Chairman and CEO, adds, “By extending our longtime relationship with AT&T, we’re helping bring the transformational benefits of fiber to more people and communities. We share a fundamental belief that the more people you connect, the more value you create. And optical fiber is bringing people together at an unprecedented scale.”
By John Celentano, Inside Towers Business Editor
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