# Verizon signs $1.05B fiber optic cable deal with Corning

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

- Type: Contract
- Announced: 2017-04-18
- Where: United States
- Value: $1.05B
- Status: announced
- Capacity: 20 million kilometers of optical fiber per year
- Products: fiber optic cable, optical fiber, associated 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

- [prnewswire.com](https://www.prnewswire.com/news-releases/verizon-agrees-to-105-billion-three-year-minimum-purchase-agreement-with-corning-for-next-generation-optical-solutions-300440991.html), 2017-04-18: "Verizon today announced a three-year minimum purchase agreement with Corning Incorporated to provide fiber optic cable and associated hardware for Verizon to ensure critical coverage and capacity for its nationwide wireless broadband network."

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