Verizon inks USD1bn fibre contract with Corning

19 Apr 2017

Verizon Communications has announced a three-year minimum purchase agreement with New York-based Corning, which will see the vendor provide fibre-optic cable and associated hardware for Verizon to ensure critical coverage and capacity. The agreement calls for Corning to provide – and for Verizon to purchase – up to 20 million kilometres (12.4 million miles) of optical fibre each year from 2018 through 2020, with a minimum purchase commitment of USD1.05 billion. Verizon notes that it has been reinventing its network architecture around a next-generation fibre platform that will support its fixed line, 4G LTE and 5G deployments.

Viju Menon, Verizon’s chief supply chain officer, said: ‘Our plans identified a shortfall in fibre supply, and Verizon has been working with business teams to forecast demand and fill supply gaps with existing suppliers. Securing the required volume of optical fibre and hardware solutions with Corning will ensure we meet our planned rollout schedules.’

United States, Corning Incorporated, Verizon Communications