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BRIEF-Verizon signs 3-year minimum purchase deal with Corning for fiber optic cable
April 18, 2017 / 3:11 PM / 4 months ago

BRIEF-Verizon signs 3-year minimum purchase deal with Corning for fiber optic cable

April 18 (Reuters) - Verizon Communications Inc:

* Verizon agrees to $1.05 billion three-year minimum purchase agreement with Corning for next-generation optical solutions

* Verizon - agreement calls for Corning to provide and Verizon to purchase up to 20 million kilometers of optical fiber each year from 2018 through 2020

* Verizon says Corning expects the capacity expansions to begin to come online in 2017 and become fully operational in 2018

* Verizon - agreement with Corning incorporated to provide fiber optic cable and associated hardware Source text for Eikon: Further company coverage:

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