# 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.

- Type: Contract
- Announced: 2017-04-01
- Where: United States
- Value: $1.05B
- Status: announced
- Capacity: 20 million kilometers of optical fiber per year
- Products: fiber optic cable, optical hardware
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Corning](https://endata.com/companies/1685.md) (supplier)
- [Verizon Communications Inc.](https://endata.com/companies/23247.md) (customer)

## Sources

- [corning.com](https://www.corning.com/worldwide/en/about-us/news-events/news-releases/2017/04/verizon-agrees-to-1-point-05-billion-dollar-three-year-minimum-purchase-agreement-with-corning-for-next-generation-optical-solutions.html), 2017-04-01: "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."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.