Results for: Fiber Network

Corning Incorporated (GLW) shares are soaring in premarket trading after the company announced a multi-year agreement with AT&T (T) worth over $1 billion. This deal expands their longstanding partnership and focuses on delivering high-speed internet access to more Americans through AT&T’s fiber network expansion. Corning’s advanced fiber, cable, and connectivity solutions, including its latest Evolv technology, will be instrumental in this effort. The deal is expected to significantly boost Corning’s revenue and contribute to its ambitious growth plans.

Verizon Communications has acquired Frontier Communications in a $20 billion all-cash deal, boosting its fiber network and broadband services nationwide. The acquisition, expected to close in 18 months, will integrate Frontier’s 2.2 million fiber subscribers and 7.2 million fiber locations with Verizon’s existing infrastructure, creating a significant expansion of Verizon’s fiber footprint and bolstering its delivery of premium services.

AT&T’s stock price is on the rise, fueled by the company’s recent partnership with Nokia to upgrade its fiber network and the upcoming Goldman Sachs presentation by CEO John Stankey. This partnership, along with the anticipated insights into AT&T’s strategic direction, is attracting investor interest.