AT&T inks $1B+ multi-year purchase deal with Corning

AT&T (NYSE:T) has reached a $1B+ multi-year purchase agreement with Corning (NYSE:GLW) to expand its fiber network with next-generation connectivity solutions.

The agreement builds on the decades-long collaboration between AT&T (T) and Corning (GLW). AT&T (T) will use the latest additions to Corning’s (GLW) Evolv portfolio of connectivity solutions, including Evolv FlexNAP with Multifiber Pushlok Technology, to accelerate its network expansion and help bring high-speed internet to more Americans.

AT&T (T) recently delivered its fifth straight quarter of broadband subscriber growth, passing 28.3M consumer and business locations and remains on pace to pass 30M+ by the end of 2025. The telecom company is expanding its network through organic investment, its Gigapower joint venture with BlackRock, and several recently announced commercial open-access agreements.

Shares of Corning (GLW) were up 2.25% premarket on Monday, while AT&T (T) rose 1.28%.