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Verizon, Corning agree to $1.05 billion fiber deal

Verizon, Corning agree to $1.05 billion fiber deal

Thursday, April 20, 2017, 9:06 AM

Verizon Communications Inc has agreed to buy optical fiber from Corning Inc for at least $1.05 billion over the next-three-years as the No. 1 US wireless carrier aims to improve its network infrastructure, the companies said. Corning will sell up-to 12.4million miles of optical fiber to Verizon each year from 2018 through 2020, with a minimum purchase commitment of $1.05billion, according to the agreement.
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