AT&T signs multiyear $3 billion-plus deal with Corning to expand fiber network
AT&T announced a multiyear partnership with Corning valued at more than $3 billion to supply fiber and cable for its broadband expansion. The agreement aims to grow AT&T’s fiber footprint to 60 million customer locations by the end of 2030. The carrier added 646,000 internet customers in Q2 2026, including 367,000 new fiber subscribers. AT&T expects average household data use on its fiber service to rise from over 1 TB per month now to 2‑2.5 TB by 2030.
Why it matters
The long‑term supply arrangement gives AT&T a steady source of fiber components, supporting its goal to reach 60 million locations and sustain customer growth, which could improve revenue from broadband services (the company says). Corning, listed under GLW, stands to benefit from increased demand for its fiber products.
Key facts
- 1AT&T entered a multiyear partnership with Corning valued at more than $3 billion. aol.com
- 2The deal is described as a $3 billion‑plus agreement in a second source. rollingout.com
- 3AT&T aims to have fiber service at 60 million customer locations by the end of 2030. rollingout.com
- 4AT&T’s fiber network currently reaches 38.6 million locations according to Q2 2026 results. rollingout.com
- 5The company added 646,000 internet customers in Q2 2026, including 367,000 fiber customers. rollingout.com
- 6Average AT&T Fiber household data usage is now over 1 TB per month and is expected to reach 2‑2.5 TB by 2030. aol.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.