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Verizon Powers American AI with Billions-Strong Corning Fiber Deal
The agreement secures fiber for Verizon’s home broadband expansion and AI data center backbone, while management targets potentially multibillion-dollar infrastructure revenue.
- On Tuesday, Verizon signed an agreement with specialty glass maker Corning for more than 80 million miles of high-density optical fiber between 2027 and 2032, bolstering broadband and AI infrastructure.
- This fiber deployment supports Verizon's goal to reach 40 to 50 million fiber passings while hard-wiring the physical layer needed for AI hyperscalers and consumer broadband expansion.
- The deal deepens the 30-year Verizon-Corning relationship and includes Corning Contour Flow Cable, aligning the company's capital expenditure and Frontier integration efforts.
- Verizon executive Dan Schulman said, "with the emergence of AI infrastructure revenue, we are fundamentally reshaping Verizon's growth trajectory," while maintaining a raised FY2026 buyback target of up to $4.5 billion.
- Management told investors that specifics on AI infrastructure revenue are due in the next three to six months, as CEO Hans Vestberg remains focused on driving the fiber footprint.
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18 Articles
18 Articles
Channel News Asia+2 Reposted by 2 other sources
Verizon signs optical fiber deal with Corning to expand broadband, support AI growth
Sept 8 : Verizon said on Tuesday it has signed an agreement with specialty glass maker Corning 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
·Singapore, Singapore
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Verizon Just Locked In 80 Million Miles of Fiber Through 2032
80 Million Miles of Glass 80 million miles. That is the volume of high-density optical fiber and connectivity solutions Verizon (NYSE:VZ) has committed to buy from Corning (NYSE:GLW) under a multi-billion dollar agreement running 2027 to 2032, according to terms revealed alongside a Tuesday announcement covered by Barron’s. The deal names Corning Contour Flow Cable […]
·Lakewood, United States
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Coverage Details
Total News Sources18
Leaning Left1Leaning Right0Center5Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
L 17%
C 83%
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