# Verizon strikes $1.05bn fibre-optic cable deal with Corning

Verizon Communications reached a deal to buy at least $1.05bn worth of fibre-optic cable and associated hardware from Corning over three years. The deal calls for Corning to provide 20m kilometers of optical fibre from 2018 through 2020.

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

- [ft.com](https://www.ft.com/content/f73ecb5c-892a-30ea-8162-3c2bffb371b6?syn-25a6b1a6=1), 2017-04-18: "Verizon Communications said on Tuesday that it had reached a deal to buy at least $1.05bn worth of fibre-optic cable and associated hardware from Corning over three years."

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