AT&T Announces $1 Billion Fiber Deal With Corning (reuters.com)
(Monday October 28, 2024 @06:50PM (BeauHD)
from the doubling-down dept.)
- Reference: 0175339663
- News link: https://slashdot.org/story/24/10/28/2057252/att-announces-1-billion-fiber-deal-with-corning
- Source link: https://www.reuters.com/business/media-telecom/att-announces-1-bln-fiber-deal-with-corning-2024-10-28/
AT&T has [1]signed a $1 billion multi-year deal with Corning to acquire fiber and connectivity solutions. Reuters reports:
> With the U.S. wireless market facing a slowdown, telecom companies such as AT&T and rival Verizon have doubled down on their high-speed internet businesses, an area that has long been dominated by broadband companies such as Comcast. Demand has also been growing for AT&T's plans that allow customers to combine its high-speed fiber data with its wireless phone service for a discount. In the third quarter, AT&T reported 28.3 million fiber passings, or the number of potential customer locations a fiber network passes by. It remains on track to pass more than 30 million fiber passings by the end of 2025.
[1] https://www.reuters.com/business/media-telecom/att-announces-1-bln-fiber-deal-with-corning-2024-10-28/
> With the U.S. wireless market facing a slowdown, telecom companies such as AT&T and rival Verizon have doubled down on their high-speed internet businesses, an area that has long been dominated by broadband companies such as Comcast. Demand has also been growing for AT&T's plans that allow customers to combine its high-speed fiber data with its wireless phone service for a discount. In the third quarter, AT&T reported 28.3 million fiber passings, or the number of potential customer locations a fiber network passes by. It remains on track to pass more than 30 million fiber passings by the end of 2025.
[1] https://www.reuters.com/business/media-telecom/att-announces-1-bln-fiber-deal-with-corning-2024-10-28/