AT&T is doubling down on its fiber ambitions with a massive $1 billion investment in Corning. The multi-year deal announced this week will see AT&T procure fiber optic cable, connectivity solutions, and other essential equipment from Corning, a leading manufacturer in the fiber optics industry.
This strategic partnership comes as AT&T seeks to expand its high-speed internet services and compete more aggressively in the broadband market. With the US wireless market experiencing a slowdown, telecom giants like AT&T and Verizon are increasingly focusing on fiber optic networks to deliver faster and more reliable internet connectivity.
Boosting Fiber Expansion:
AT&T aims to leverage Corning’s expertise and technology to accelerate its fiber network deployment and enhance its performance. The company expects this collaboration to streamline the expansion process and minimize costs, ultimately benefiting consumers with improved internet access.
Meeting Growing Demand:
The demand for AT&T’s fiber internet services, particularly its bundled plans that combine high-speed internet with wireless phone service, has been steadily increasing. The company reported 28.3 million fiber passings in the third quarter and remains on track to surpass 30 million by the end of 2025.