AT&T and Corning Expand Collaboration with Multi-Year Purchase Agreement
28 10월 2024 - 9:00PM
Business Wire
Corning’s Evolv® portfolio will help
AT&T expand its fiber network with next-generation
solutions
AT&T (NYSE: T) today announced a multi-year purchase
agreement with Corning Incorporated (NYSE: GLW) to provide
next-generation fiber, cable, and connectivity solutions to support
the expansion of AT&T’s fiber network and help bring high-speed
internet to more Americans.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20241027311428/en/
AT&T, the largest fiber internet provider in the U.S.*, is
expanding its network to bring world-class fiber to more people and
places across the country. As Corning’s largest customer with
preferential volume status for Corning’s connectivity solutions,
AT&T can accelerate its network expansion and enhance network
performance while minimizing deployment costs. The agreement,
valued at more than $1 billion, builds on the decades-long
collaboration between AT&T and Corning.
AT&T will use the latest additions to Corning's Evolv®
portfolio of connectivity solutions, including Evolv® FlexNAP™ with
Multifiber Pushlok® Technology, which will be compliant with the
Build America, Buy America provisions of the Broadband Equity,
Access, and Deployment program (BEAD).
“We’ve built the nation’s fastest broadband network,” said
John Stankey, CEO of AT&T. “This new multi-year agreement
with Corning helps us to connect more households, communities, and
businesses with the high-speed, reliable internet they need to
thrive in a digital world.”
“As data and bandwidth requirements continue to grow, Corning is
committed to the work of ensuring all Americans have access to
reliable, high-speed fiber connections,” said Wendell P. Weeks,
chairman and CEO, Corning Incorporated. “By extending our
longtime relationship with AT&T, we're helping bring the
transformational benefits of fiber to more people and communities.
We share a fundamental belief that the more people you connect, the
more value you create. And optical fiber is bringing people
together at an unprecedented scale.”
With the best fixed broadband product, AT&T is expanding its
network through organic investment, its Gigapower joint venture
with BlackRock, and several recently announced commercial
open-access agreements. AT&T recently delivered its fifth
straight quarter of broadband subscriber growth, passing 28.3M
consumer and business locations and remains on pace to pass 30M+ by
the end of 2025.
*Based on the number of fiber to the home
households using publicly available data.
About AT&T
We help more than 100 million U.S. families, friends and
neighbors, plus nearly 2.5 million businesses, connect to greater
possibility. From the first phone call 140+ years ago to our 5G
wireless and multi-gig internet offerings today, we @ATT innovate
to improve lives. For more information about AT&T Inc.
(NYSE:T), please visit us at about.att.com. Investors can learn
more at investors.att.com.
About Corning Incorporated
Corning (www.corning.com) is one of the world's leading
innovators in materials science, with a 170-year track record of
life-changing inventions. Corning applies its unparalleled
expertise in glass science, ceramic science, and optical physics
along with its deep manufacturing and engineering capabilities to
develop category-defining products that transform industries and
enhance people's lives. Corning succeeds through sustained
investment in RD&E, a unique combination of material and
process innovation, and deep, trust-based relationships with
customers who are global leaders in their industries. Corning's
capabilities are versatile and synergistic, which allows the
company to evolve to meet changing market needs, while also helping
our customers capture new opportunities in dynamic industries.
Today, Corning's markets include optical communications, mobile
consumer electronics, display, automotive, solar, semiconductors,
and life sciences.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241027311428/en/
Media Relations:
Corning: John Arwood (828) 320-3249
arwoodjm@corning.com
Gabrielle Bailey (607) 684-4557 baileygr@corning.com
AT&T: Andrea Huguely (972) 207-8630
andrea.huguely@att.com
Investor Relations:
Corning: Ann H.S. Nicholson (607) 974-6716
nicholsoas@corning.com
AT&T (NYSE:T)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 10월(10) 2024
AT&T (NYSE:T)
과거 데이터 주식 차트
부터 10월(10) 2023 으로 10월(10) 2024
