Corning signed a multi-year AT&T supply deal worth more than $3 billion, adding a large customer order. It spans several years, and the story gives no yearly sales or profit amount.
This gives Corning a sizable source of work as AT&T expands its fiber network. AT&T households use more data, and that use could keep rising through 2030. The work spans several years, and the article gives no yearly sales or profit figure. Verizon’s separate order adds support for demand, but does not change that timing limit.
AT&T says the deal supports its fiber expansion, and its published forecast already includes the deal’s financial effect. The story gives no new forecast or profit change for AT&T.
Verizon’s earlier fiber purchase supports its broadband and data-center network plans, but this story reports no new financial result or forecast for Verizon. It does not change the outlook for Verizon.
Follow Corning Inc. (GLW) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for GLW