Corning Inc. (NYSE: GLW) announced a multi-year agreement with AT&T Inc. (NYSE: T) on Tuesday, valued at more than $3 billion. Under the terms of the deal, Corning will supply fiber and cable to support AT&T’s network expansion as internet usage and artificial intelligence drive higher data demand.
AT&T stated that the agreement will assist in expanding fiber coverage and working toward connecting 60 million Americans by the end of 2030. The company noted that the average AT&T Fiber household now uses more than 1 terabyte of data each month, a figure that is about five times the level recorded in 2016. Monthly usage is projected to reach 2 to 2.5 terabytes by 2030 due to increased consumption of streaming, gaming, cloud services, and AI applications.
The agreement also expands the companies’ domestic manufacturing partnership. Corning continues to invest in U.S. fiber and cable production, including facilities in North Carolina. AT&T has committed more than $250 billion over five years to strengthen U.S. connectivity infrastructure.
AT&T CEO John Stankey described fiber as the “gold standard” for internet connectivity due to its speed, reliability, and capacity. Corning CEO Wendell Weeks highlighted that the agreement combines Corning’s U.S. manufacturing operations with AT&T’s network investments while supporting domestic supply chains.
AT&T reiterated the financial outlook and capital allocation plan it issued with its second-quarter 2026 results, noting that the outlook already reflects the financial impact of the Corning agreement. The deal follows another major telecom win for Corning earlier in September, when Verizon Communications Inc. (NYSE: VZ) signed a multi-year, multi-billion-dollar agreement for more than 80 million miles of Corning optical fiber and connectivity products from 2027 through 2032.
