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AT&T said it signed a multi-year deal worth more than $3 billion with Corning to procure fiber and cable as it expands its network. AT&T cited rising household data usage and expects 60 million fiber locations by decade end.
AT&T NYSE:T on Tuesday said it had signed a multi-year deal worth more than $3 billion with Corning NYSE:GLW to procure fiber and cable, as the telecom giant expands its network to meet surging demand for data.Corning shares rose 3.3% in premarket trading.Fiber network build-out has emerged as a cr…
AT&T entered a multi-year supply agreement with Corning valued at more than USD 3 billion to source fiber and cable for AT&T’s network expansion, including U.S.-made fiber, as it targets 60 million Americans by end-2030.