Verizon buying 37 million miles of fiber to boost its wireless network

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Verizon has struck a deal with Corning to purchase up to 37.2 million miles of optical fiber and related hardware over the next three years, with Verizon planning to use that fiber to boost capacity and lower latency in its wireless network.

“The agreement calls for Corning to provide and Verizon to purchase up to 20 million kilometers (12.4 million miles) of optical fiber each year from 2018 through 2020, with a minimum purchase commitment of $1.05 billion,” Verizon said in its announcement of the purchase agreement today.

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Story added 19. April 2017, content source with full text you can find at link above.