AT&T has signed a new multi-year deal with Corning to purchase fibre optic cables valued at more than $3 billion. The agreement supports AT&T’s goal of connecting 60 million homes and businesses with fibre optic cables by 2030. The carrier had already reached 30 million locations by June of this year, six months ahead of its initial schedule.
In the second quarter of this year, AT&T added 646,000 total consumer and business internet net subscribers, of which 367,000 were fibre optic internet subscribers—a record quarter for combined fibre and fixed wireless additions. This new deal expands upon a previous $1 billion multi-year fibre agreement signed two years ago. AT&T was also a core investor in Corning’s cable manufacturing facility in Arizona back in 2022.
Source: GSMArena · Summarized by HeadlinesBriefing