Published • loading... • Updated
AT&T and Corning Team Up to Engineer the Connected World with Fiber
Corning will supply fiber and cable as AT&T expands its broadband network and says the agreement supports domestic manufacturing and jobs.
- On Tuesday, AT&T and Corning Incorporated announced a multi-year fiber supply agreement valued at more than $3 billion. The deal provides infrastructure to support AT&T's network expansion as artificial intelligence drives increased data demand.
- This partnership supports AT&T's goal of reaching 60 million fiber locations by the end of 2030. The telecom giant is scaling capacity to meet bandwidth needs of artificial intelligence, which now drives significant data consumption.
- Corning Chairman, CEO and President Wendell Weeks called the agreement "the next chapter" in a partnership spanning generations. By pairing domestic manufacturing with AT&T's network leadership, the companies aim to strengthen U.S. supply chains while sustaining thousands of highly skilled American jobs.
- Following the news, Corning shares rose nearly 5% on Tuesday. The manufacturer has also secured other major supply contracts recently, including a multi-billion-dollar deal with Verizon Communications Inc. to support broadband expansion and AI data centers.
- AT&T Chairman and CEO John Stankey noted the agreement secures stable pricing, allowing the company to meet infrastructure objectives over the next five years. This investment represents a "bet for the future" to accommodate rising data demands.
Insights by Ground AI
Podcasts & Opinions
12 Articles
12 Articles
Fox BusinessReposted by 
BizToc
BizTocAT&T makes major ‘bet for the future’ as AI fuels push past 60 million locations
AT&T CEO John Stankey says a $3 billion fiber deal with Corning will help the telecom giant meet growing AI and broadband data demand across its network infrastructure.
·New York, United States
Read Full Article
AT&T signs over $3 billion fiber deal with Corning as data ...
·London, United Kingdom
Read Full Article
AT&T has signed a $3 billion contract with Corning, which will provide the telecommunications operator with the fiber optics and cables needed to expand its network and meet the growing demand for data traffic. Exclusive material for subscribers. To have full access, access the material link and register.
·Rio de Janeiro, Brazil
Read Full ArticleCoverage Details
Total News Sources12
Leaning Left1Leaning Right3Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
13%
C 50%
R 37%
Factuality
To view factuality data please Upgrade to Premium
