AT&T signs $1 billion fiber deal with Corning

AT&T announced a multi-year purchase agreement with Corning Incorporated to provide next-generation fiber, cable, and connectivity solutions to support the expansion of AT&T’s fiber network and help bring high-speed internet to more Americans.

AT&T is expanding its network to bring world-class fiber to more people and places across the country. As Corning’s largest customer with preferential volume status for Corning’s connectivity solutions, AT&T can accelerate its network expansion and enhance network performance while minimizing deployment costs. The agreement, valued at more than $1 billion, builds on the decades-long collaboration between AT&T and Corning.

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 Broadband Equity, Access, and Deployment program (BEAD).

“We’ve built the nation’s fastest broadband network,” said John Stankey, CEO of AT&T. “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.”

“As data and bandwidth requirements continue to grow, Corning is committed to the work of ensuring all Americans have access to reliable, high-speed fiber connections,” said Wendell P. Weeks, chairman and CEO, Corning Incorporated. “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.”

With the best fixed broadband product, AT&T is expanding its network through organic investment, its Gigapower joint venture with BlackRock, and several recently announced commercial open-access agreements. AT&T recently delivered its fifth straight quarter of broadband subscriber growth, passing 28.3M consumer and business locations and remains on pace to pass 30M+ by the end of 2025.
BCS Bureau