Corning Inc., AT&T reach $1 billion agreement to expand access to high-speed internet
Corning Inc. recently reached a multi-year agreement 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, the company announced Monday.
AT&T CEO John Stanke said the agreement, valued at more than $1 billion, builds on the decades-long collaboration between AT&T and Corning.
AT&T is expanding its network to bring world-class fiber to more people and places across the country, the company said.
As Corning Inc.’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.
“We’ve built the nation’s fastest broadband network,” Stankey said. “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.”
Wendell Weeks, chairman and CEO of Corning Inc., said as data and bandwidth requirements continue to grow, Corning Inc. is committed to the work of ensuring all Americans have access to reliable, high-speed fiber connections.
“By extending our longtime relationship with AT&T, we're helping bring the transformational benefits of fiber to more people and communities,” Weeks said. “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.”
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).
AT&T recently delivered its fifth straight quarter of broadband subscriber growth, passing 28.3 million consumer and business locations. The company said it is on pace to pass 30 million by the end of 2025.