AT&T is buying $3 billion worth of fibre optic cables from Corning

AT&T (T) has secured a $3 billion multi-year fiber supply deal with Corning to support its plan to reach 60 million fiber locations by 2030. The agreement ensures U.S.-made fiber cable, aiding AT&T's long-term planning for broadband expansion. AT&T, with a $167.7 billion market cap, focuses on fiber for high-speed connectivity, contrasting with rivals' satellite-based offerings.

The FCC approved new regulations releasing 1,000+ MHz of spectrum, benefiting AT&T (NYSE: T). AT&T offers a 4.55% dividend yield, fair valuation, and a GF Score of 75/100. The company's connectivity services may gain from expanded spectrum availability, though it faces leverage risks.

Telus (T) stock rose 2.8% to CA$11.90, rebounding from a 52-week low, ahead of its first reduced dividend payment. The company's restructuring plan aims for CA$1.8B in free cash flow this year and a net debt-to-EBITDA ratio below 3.0 by 2028. The broader market rally also supported the move.

AT&T agreed to a $3bn+ deal with Corning for optical fiber, aiming to expand its network and increase data capacity. Deutsche Telekom partnered with Cloudflare to enhance cloud security for European enterprises. EU telcos may get more time to replace Huawei/ZTE gear under new cybersecurity laws. AMD will acquire AI research lab World Labs for $8.2bn to boost AI infrastructure development.

AT&T signed a multi-year, $3B deal with Corning for fiber and cable supply to support its network expansion. The agreement ties Corning's fiber capacity to AT&T's goal of reaching 60M Americans with fast internet by 2030. Corning projects $29.4B revenue and $5.5B earnings by 2029, with some analysts expecting higher figures. The deal reinforces demand for Corning's optical capacity but does not eliminate risks like trade tensions or competition.

AT&T and Corning agreed to a multi-year deal valued at over $3 billion to expand fiber networks in the US. The agreement aims to enhance broadband infrastructure.