AT&T strikes multi-year fibre agreement with Corning to grow internet services
New AT&T-Corning deal underscores telecom’s shift to fibre as high-speed internet demand rises.
AT&T has announced a $1 billion, multi-year agreement with Corning to procure fibre, cable, and connectivity solutions as it ramps up efforts to expand high-speed internet services. Facing a slowdown in the United States wireless market, AT&T and other telecom firms like Verizon are increasingly focusing on high-speed internet, traditionally dominated by broadband providers such as Comcast. The telecom giant aims to attract customers by bundling high-speed fibre with its wireless phone services at a discount.
The deal with Corning is expected to support AT&T’s network expansion by improving service performance and reducing deployment costs. AT&T reported that by the end of the third quarter, its fibre network was passing 28.3 million potential customer locations, with a target to exceed 30 million by 2025.
AT&T‘s fibre service added 226,000 new customers in the third quarter, short of forecasts due to a work stoppage affecting fibre installations in the southeast. Despite the challenges, the company remains focused on expanding fibre services to meet growing demand.
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