Verizon, Corning Sign Multibillion-Dollar Fiber Deal for 80 Million Miles

Verizon and Corning have reached a long-term procurement agreement valued in the billions of dollars. Under the agreement, Corning will supply Verizon with more than 80 million miles of high-density fiber and associated connectivity solutions between 2027 and 2032. The deal is intended to support growth in consumer broadband and converged services, while also serving the build-out of infrastructure for emerging artificial intelligence computing.

The fiber deployment will address both residential and business broadband expansion, and will establish national long-haul backbone optical networks required by major AI cloud providers. The related network construction will deliver integrated mobile and broadband services to users, while building high-capacity, low-latency AI backbone infrastructure.