AT&T targets 60 million fiber locations in $3 billion Corning deal

Key Points:

• AT&T has signed a $3 billion fiber supply agreement with Corning to support increasing data demand and the bandwidth needs of artificial intelligence, aiming to expand its fiber network beyond 60 million locations by 2030.
• AT&T CEO John Stankey emphasized the importance of fiber for handling growing upstream and downstream data traffic, positioning the deal as a strategic investment to meet future AI-related network requirements.
• The agreement provides AT&T with stable pricing and supply assurances, helping the company confidently achieve its fiber expansion goals over the next five years.
• Corning is expanding its North Carolina operations to meet long-term fiber demand, with plans to grow its workforce significantly as part of the broader infrastructure buildout.
• Corning CEO Wendell Weeks highlighted the company's commitment to scaling both capacity and capability to fulfill multi-year fiber supply commitments to customers like AT&T.