Corning and AT&T are partnering to support growing connectivity demands across the United States, helping Americans connect when and where it matters most—at home, at work, and on the go. Through a multiyear agreement valued at more than $3 billion, Corning will supply the fiber and cable AT&T needs to bring fast, reliable internet to more Americans. Together, the companies will strengthen U.S. manufacturing and sustain thousands of highly skilled American jobs. The agreement is another strong proof point of Corning's Springboard plan to grow sales to an annualized run rate of $20 billion by the end of 2026, $30 billion by the end of 2028, and $40 billion by the end of 2030, all while growing earnings faster than sales, with significantly higher ROIC and substantially more free cash flow. More: http://ms.spr.ly/6043acoPH
Meir Peretz
2w
Ultimately, the solid foundation of the Information Age is optical fiber. The joining of forces between AT&T and Corning ensures a robust supply chain and a network prepared for the capacity challenges of the coming decade. The Gold Standard is the only way to guarantee long term reliability and capacity, best of luck.
It is great to see a partnership that creates impact on so many levels—better connectivity, stronger U.S. manufacturing, and more skilled jobs. Looking forward to seeing how this investment continues to grow and benefit communities.
Thomas Cuzzens
1mo
Great news.
Ginny Pulos
1mo
So clear and well written that even an amateur like me understands it. Thank you, Damien. Very exciting. So glad they’ve got you!
When I joined Corning in 1983 we were not supplying AT&T, and there was no clear path to do so. After the MFJ, one-by-one we began to supply the RBOCs, and even then it was years, decades actually, before we would supply "AT&T". This agreement is the result of a lot of hard work by a lot of people over a long time - congratulations everyone!