Verizon Communications, Corning Enter Supply Deal for Broadband Expansion, AI Infrastructure

09:42 AM EDT, 09/08/2026 (MT Newswires) -- Verizon Communications (VZ) said Tuesday it has reached a multi-billion-dollar supply agreement with Corning (GLW) to expand broadband connectivity and build national long-haul infrastructure for artificial intelligence hyperscalers. The agreement involves deployment of over 80 million miles of high-density optical fiber and connectivity network from 2027 through 2032, Verizon said. Under the agreement, Corning will scale its US manufacturing capabilities to support Verizon with the physical materials needed to execute its strategy and expand its long-haul AI infrastructure, according to a statement. Verizon said the fiber supply will boost its push toward 40 million to 50 million broadband passings, expected to be used by cell towers, enterprise data centers, and residential neighborhoods. Corning shares were up more than 4% in early Tuesday trading, while Verizon added 0.4%.