AT&T Signs $3B+ Fiber Deal with Corning
AT&T has signed a multi-year agreement with Corning worth over $3 billion to purchase fiber optic cables, supporting its goal of 60 million fiber connections by 2030.
AT&T has signed a new multi-year deal with Corning to purchase fiber optic cables, valued at more than $3 billion. The agreement supports AT&T's goal of connecting 60 million homes and businesses with fiber by 2030.
The deal deepens the relationship between the two companies. Two years ago, AT&T and Corning first signed a multi-year fiber agreement worth $1 billion. In 2022, AT&T was a core investor in Corning's cable manufacturing facility in Arizona.
AT&T has been expanding its fiber network rapidly. In June this year, the company reached 30 million locations with fiber, six months ahead of its initial schedule. In its most recent results, for the second quarter of this year, AT&T reported adding 646,000 total consumer and business internet net subscribers, including 367,000 fiber optic internet subscribers.
The new deal with Corning is expected to help AT&T continue its fiber buildout as it works toward its 2030 target. gsmarena.com reported the agreement.
Quick answers
How much is AT&T's new fiber deal with Corning worth?
The multi-year deal is valued at more than $3 billion.
What is AT&T's fiber goal for 2030?
AT&T aims to connect 60 million homes and businesses with fiber by 2030.
How many fiber subscribers did AT&T add in Q2?
AT&T added 367,000 fiber optic internet subscribers in the second quarter of this year.