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Verizon (VZ) committed to buying 80 million miles of fiber from Corning (GLW) in a multi-billion dollar supply deal running through 2032.
Verizon posted a sixth straight EPS beat with $6.4 billion in free cash flow while targeting multi-billion AI infrastructure revenues from hyperscalers.
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80 million miles. That is the volume of high-density optical fiber and connectivity solutions Verizon (NYSE:VZ) has committed to buy from Corning (NYSE:GLW) under a multi-billion dollar agreement running 2027 to 2032, according to terms revealed alongside a Tuesday announcement covered by Barron's. The deal names Corning Contour Flow Cable as a supplied product and deepens an existing 30-year Verizon-Corning relationship. The agreement spans both use cases: Verizon has locked in supply for consumer broadband and fiber-to-the-home buildout as well as the long-haul backbone for AI data centers.