AT&T is doubling down on its fiber ambitions with a massive $1 billion investment in Corning. The multi-year deal announced this week will see AT&T procure fiber optic cable, connectivity solutions, and other essential equipment from Corning, a leading manufacturer in the fiber optics industry.

This strategic partnership comes as AT&T seeks to expand its high-speed internet services and compete more aggressively in the broadband market. With the US wireless market experiencing a slowdown, telecom giants like AT&T and Verizon are increasingly focusing on fiber optic networks to deliver faster and more reliable internet connectivity.