# Corning wins $1B fiber contract from Verizon

Corning struck a $1-billion-a-year optical solutions purchase agreement with Verizon to support the telco's wireline broadband and future wireless expansion. Corning plans to invest more than $250 million in its optical fiber, cable and solutions manufacturing facilities to fulfill the contract.

- Type: Contract
- Announced: 2017-04-25
- Where: United States
- Value: $250.0M
- Status: announced
- Products: optical fiber, optical cable, optical solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Corning](https://endata.com/companies/1685.md) (supplier)
- [Verizon](https://endata.com/companies/23798.md) (customer)

## Sources

- [fierce-network.com](https://www.fierce-network.com/telecom/corning-s-weeks-verizon-s-fiber-contract-shows-we-can-solve-tough-network-challenges), 2017-04-25: "Corning plans to expand capacity and to invest more than $250 million in its optical fiber, cable and solutions manufacturing facilities."

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