Verizon Communications Inc. signed a multi-billion dollar supply agreement with Corning for high-density optical fiber. The long-term commitment extends through 2032.
The agreement reportedly covers approximately 80 million miles of fiber. This supply deal provides increased visibility into Verizon's network buildout strategy.
Verizon intends to accelerate broadband expansion and support rising data traffic from artificial intelligence applications. The move reinforces the company's infrastructure to meet growing consumer and business connectivity demands.