Verizon and Corning reach multi-billion dollar agreement to supply 80 million miles of optical fiber from 2027 to 2032
Verizon and Corning have entered into a multi-billion dollar agreement to provide 80 million miles of high-density optical fiber and connectivity solutions between 2027 and 2032. The deal aims to support Verizon's goal of reaching 40 to 50 million broadband passings while simultaneously building a national long-haul backbone for AI hyperscalers.
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Kyle Malady, CEO of Verizon Business, stated that the agreement secures the physical foundation for the AI economy by uniting mobile connectivity and broadband into a single converged architecture. This infrastructure will connect cell towers, enterprise data centers, and residential neighborhoods to the same high-capacity backbone. The agreement also allows Corning to scale its U.S. manufacturing footprint to provide the materials needed for Verizon's convergence strategy. Mike O'Day, Senior Vice President and General Manager of Corning Optical Communications, noted that the partnership links AI data centers while ensuring more Americans have access to high-speed fiber connections at home. Verizon produced $6.4 billion of second-quarter free cash flow on $34.3 billion of revenue, providing the financial capacity to fund this network expansion.
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Verizon and Corning announce fiber agreement | About Verizon
Verizon
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