Verizon and Corning agreed a multi-billion dollar fibre supply deal covering more than 80 million miles of high-density optical fibre and connectivity products, running from 2027 to 2032.

The companies stated the agreement is designed to support surging demand for consumer broadband and converged services, alongside growing infrastructure needs from AI hyperscalers.

Verizon Business CEO Kyle Malady noted securing fibre at this scale allows the operator to build “the network of the future” at an unprecedented level, combining mobile connectivity and broadband into a single, converged architecture.

He said the deployment will also underpin the high-capacity, low-latency backbone required by AI hyperscalers.

The fibre supply is intended to accelerate Verizon’s progress toward a medium-term goal of 40 million to 50 million broadband passings, expanding fibre-to-the-home and business connectivity.

The operator stated the approach means cell towers, enterprise data centres and residential neighbourhoods will connect to the same high-capacity backbone.

Verizon framed the deal as central to its AI Connect strategy, which involves deploying dense fibre cabling across major long-haul corridors to directly connect data centres.

It said the approach positions it as an infrastructure partner for major AI hyperscalers, including Amazon Web Services, while also extending AI-related connectivity benefits to consumers, businesses, schools and communities.

The agreement builds on a three-decade partnership between Verizon and Corning. It is structured to let Corning continue expanding its US manufacturing capacity to supply the physical materials needed for Verizon’s buildout.

Corning Optical Communications SVP and GM Mike O’Day added the expanded partnership will help link AI data centres while also extending high-speed fibre access to homes.

US fibre
Corning also counts AT&T as a customer, having struck a $1 billion, multi-year fibre supply deal with the operator in October 2024 to support AT&T’s Gigapower fibre joint venture and broader broadband expansion plans.

The Corning agreement adds to a series of moves by Verizon to expand its fibre footprint. In July, Bain Capital and Tillman Global Holdings invested $1.5 billion in Eaton Fiber, Verizon’s exclusive wholesale fibre-building partner, to fund an acquisition of Ripple Fiber and accelerate network expansion to more than a million locations outside Verizon’s existing footprint.

Verizon CEO Dan Schulman has described that wholesale partnership model as a capital-efficient way to extend its fibre broadband reach.

Verizon, AT&T and T-Mobile US are actively beefing up their fibre holdings through joint ventures, wholesale agreements and outright purchases of fibre-rich companies to support the convergence of mobile and fibre-based broadband services.

The post Verizon, Corning ink fibre supply deal appeared first on Mobile World Live.