Multiyear Fiber Expansion
AT&T Signs $3 Billion Fiber Agreement With Corning to Expand U.S. Network
Anonymous
AT&T has signed a multiyear agreement worth more than $3 billion for Corning to supply fiber and cable as the telecom company expands its U.S. network. The investment supports AT&T’s goal of extending fiber connectivity to 60 million locations by the end of 2030, amid rising demand from streaming, cloud services and AI. AT&T says its fiber households now use more than 1 terabyte of data monthly on average, and it expects that figure to reach 2 to 2.5 terabytes by 2030. Corning plans to supply the agreement through its U.S. manufacturing operations, while AT&T says the deal’s financial impact is already reflected in its second-quarter earnings guidance.
Key Points
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AT&T says its own technician workforce will deploy and maintain the network infrastructure; the company describes that workforce as the largest union-represented workforce in the industry.
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AT&T has committed more than $250 billion over five years to U.S. connectivity infrastructure, placing the Corning agreement within a broader investment program.
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AT&T’s fiber footprint has also grown through its $5.75 billion acquisition of Lumen’s fiber business.
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Corning CEO Wendell Weeks said the agreement would support domestic supply chains and skilled manufacturing jobs, describing the partnership as combining U.S.-based advanced manufacturing with AT&T’s network leadership.
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