AT&T and Corning Reach Multi-year Purchase Agreement Worth over $1 Billion

AT&T and Corning have reached a multi-year purchase agreement to provide next-generation optical fiber, optical cable and connection solutions, support AT&T to expand its optical fiber network, and help more Americans access high-speed Internet.

As the largest fiber optic Internet provider in the United States (based on the number of households using fiber to the home in public data), AT&T is expanding its network to bring world-class fiber optic services to more places and people throughout the country. As the largest buyer of Corning connectivity solutions and enjoying priority status or treatment in terms of procurement volume, AT&T is able to accelerate its network expansion and improve network performance while minimizing deployment costs. This agreement, worth over a billion dollars, further consolidates the decades long partnership between AT&T and Corning.

AT&T will use Corning Evolv ® The latest products in the connectivity solution series, including Evolv, which complies with the “Build America, Buy America” clause of the Broadband Fair Access and Deployment Plan (BEAD) ® FlexNAP ™ Multi fiber Pushlok ® Technology.

“We have built the fastest broadband network in the country,” said John Stankey, CEO of AT&T, “the new multi-year agreement with Corning will help us connect high-speed and reliable Internet to more families, communities and enterprises, so that they can flourish in the digital world.”

“As data and bandwidth demands continue to grow, Corning commits to ensuring that all Americans have access to reliable, high-speed fiber optic connections, “said Wendell P. Weeks, Chairman and CEO of Corning Inc. “By continuing our long-term partnership with AT&T, we are helping to bring the transformative benefits of fiber optic to more people and regions. We share a fundamental belief: the more people we connect, the greater the value we create. Fiber optics are bringing people together on an unprecedented scale.”

With the best fixed broadband products, AT&T is expanding its network through organic investments, its Gigapower joint venture with BlackRock, and several recently announced commercial open access agreements. AT&T recently achieved its fifth consecutive quarter of broadband user growth. It covers 28.3 million consumer and business locations, and may reach over 30 million locations by the end of 2025.