Verizon signs $1.05B fiber purchase agreement with Corning

Verizon Communications announced a three-year minimum purchase agreement with Corning Incorporated to provide fiber optic cable and hardware, with a minimum purchase commitment of $1.05 billion. Corning will supply up to 20 million kilometers of optical fiber per year from 2018 to 2020.

“The agreement calls for Corning to provide and Verizon to purchase up to 20 million kilometers (12.4 million miles) of optical fiber each year from 2018 through 2020, with a minimum purchase commitment of $1.05 billion.”corning.com

• 1 source
• corning.comVerizon Agrees to $1.05 Billion Three-Year Minimum Purchase Agreement with Corning for Next-Generation Optical SolutionsApr 1, 2017

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