# Verizon and Corning sign $1.05B fiber optic supply deal

Verizon announced a three-year minimum purchase agreement with Corning for up to 20 million kilometers of optical fiber per year from 2018 to 2020, with a minimum 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, 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

- [lightreading.com](https://www.lightreading.com/semiconductors/corning-lands-1b-deal-with-verizon), 2017-04-18: "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."

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