AT&T and Corning Team Up to Engineer the Connected World with Fiber

The fiber supply arrangement supports AT&T's stated 2030 connectivity target, with its financial impact already reflected in existing plans.

Rhea-AI Summary

AT&T (T) signed a multi-year agreement worth more than $3 billion for Corning (GLW) to supply fiber and cable.

AT&T plans to use the supply to expand its network as it works toward bringing fast, reliable internet to 60 million Americans by the end of 2030. Corning's U.S. workforce will produce the fiber, while AT&T technicians will build and maintain the networks. AT&T reiterated the financial outlook and capital allocation plan from its second-quarter 2026 earnings release; both reflect the agreement's financial impact.

3 points · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointMulti-year supply agreement secures Corning fiber and cable for AT&T's network expansion.
• Minor point. Forward-looking: it has not happened yet and may not happen.60 million Americans remain AT&T's connectivity target for the end of 2030.
• Minor point. Forward-looking: it has not happened yet and may not happen.Financial outlook and capital allocation plan were reiterated with the agreement's impact included.

Negative

• Moderate pointMore than $3 billion is the value of AT&T's multi-year fiber and cable agreement. 1.8% of market cap

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

DALLAS and CORNING, N.Y., Sept. 29, 2026 /PRNewswire/ -- 

The more than $3 billion agreement solidifies AT&T's commitment to bring the best and fastest connection to more Americans as internet use and AI continue to drive demand

Key Takeaways:

• AT&T and Corning entered into a multi-year agreement to supply the fiber and cable AT&T needs to bring fast, reliable internet to more Americans as demand grows. 
• Fiber is the gold standard for home internet. AT&T Fiber can deliver speeds 3x faster than satellite¹ services and the capacity to handle how people stream, work, game, video chat, create and use AI today, with room for whatever comes next.
• AT&T's powerful combination of fiber and wireless makes connectivity simple for customers at home, at work and on the go. Satellite will complement those networks by helping extend connectivity in roughly 2% of remote areas where fiber and wireless may not be available.
• This agreement supports the American economy by building on AT&T's investments in critical connectivity infrastructure and its fully unionized frontline workforce, along with Corning's extensive U.S. advanced manufacturing operations and American-made products.

What it is: AT&T (NYSE: T) and Corning Incorporated (NYSE: GLW) entered into a multi-year agreement valued at more than $3 billion. Corning will supply the fiber and cable AT&T needs to expand its network and bring fast, reliable internet to more Americans as AI drives growing data demand.

Why it Matters: Americans are using more data than ever. The average AT&T Fiber household now uses more than 1 terabyte each month, 5x more than in 2016. And that number is expected to keep climbing. As streaming, gaming, video calls, cloud services and AI become a bigger part of everyday life, monthly use is expected to reach 2 to 2.5 terabytes by 2030.

Why Fiber: Fiber is the only technology that can meet the growing demand for data. It can quickly and reliably carry everything from video calls and movie streaming to business applications, AI tools, live camera footage, and near real-time information. That gives families, businesses and communities the speed and capacity they need today, with room for whatever comes next.

AT&T Connects You Always and All Ways: With America's largest wireless² and fiber networks, AT&T is uniquely positioned to keep people connected across all 50 states and around the world. Fiber provides the high-capacity foundation connecting homes, businesses and communities, while wireless keeps people connected as they move through their day. Satellite complements those networks by extending connectivity to remote, hard-to-reach areas. Together, these technologies help create the seamless connectivity experience customers increasingly expect.

Deal to Connect America: This deal with Corning helps AT&T deliver on its commitment to bring fast, reliable internet to 60 million Americans by the end of 2030. This means more access to the connectivity they need today, tomorrow, and for generations to come. Corning's solutions help AT&T accelerate network deployment and improve installation efficiency at scale.

"Fiber remains the gold standard for superior internet connectivity, and AT&T is the nation's leader in fiber," said John Stankey, Chairman and CEO of AT&T. "Fiber's speed, reliability and capacity remain unmatched for any home or business. We deeply value our long and successful relationship with Corning and look forward to continuing our work together as we expand the nation's largest fiber network and make the long-term investments needed to keep America connected."

Investing in American Infrastructure: The collaboration builds on both companies' U.S. investments. For the 150^th anniversary of the first phone call, AT&T committed more than $250 billion over five years to strengthen U.S. connectivity infrastructure.

As it celebrates its 175^th anniversary, Corning continues to expand its U.S. fiber and cable manufacturing, including at North Carolina facilities that have created hundreds of jobs.

"Corning and AT&T have worked side by side for generations to connect people across this country, and this agreement is the next chapter in that partnership," said Wendell Weeks, Chairman, CEO, and President of Corning. "By pairing our large, U.S.-based advanced manufacturing with AT&T's network leadership, we can keep co-innovating to build the dense fiber networks that will drive the future of connectivity—while sustaining thousands of highly skilled American jobs and strengthening domestic supply chains."

The agreement unites these investments: Corning's U.S. workforce produces the fiber, while AT&T technicians—the industry's largest union-represented workforce—build and maintain networks connecting homes, businesses and communities nationwide. These jobs provide American families with competitive pay, benefits, wellness programs and long-term financial security.

Together, the companies strengthen the domestic supply chain and support skilled U.S. manufacturing and network jobs.

AT&T reiterates the financial outlook and capital allocation plan provided in its second-quarter 2026 earnings release, which reflects the financial impact of this agreement and AT&T's commitment to expand and strengthen U.S. connectivity infrastructure.

AT&T and Corning are helping more Americans connect when it matters most—at home, at work and on the go.

¹Based on publicly advertised top speeds compared to AT&T Fiber.
²Based on the number of fiber-to-the-home households using publicly available data.

About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 150 years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.

About Corning Incorporated
Corning (www.corning.com) is one of the world's leading innovators in materials science, with a 175-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics, along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping its customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display, automotive, solar, semiconductors, and life sciences.

© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.

View original content to download multimedia:https://www.prnewswire.com/news-releases/att-and-corning-team-up-to-engineer-the-connected-world-with-fiber-302892879.html

SOURCE AT&T

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much is the AT&T and Corning fiber agreement worth?

The multi-year agreement is valued at more than $3 billion. Corning will supply fiber and cable for AT&T's network expansion.

What is AT&T's 2030 target supported by the Corning agreement?

AT&T aims to bring fast, reliable internet to 60 million Americans by the end of 2030. The agreement supplies fiber and cable for its network expansion.