Corning Expands AT&T Collaboration, Plans to Invest $150 Million in North Carolina Manufacturing

By Josh Beckerman

Corning Inc. is expanding its collaboration with AT&T Inc. to increase fiber network capacity to meet high demand and accelerate 5G deployment.

Corning said it is investing $150 million in optical cable manufacturing in North Carolina, initially adding 200 jobs in Hickory, N.C.

Last week, AT&T said it "continues to deploy fiber across its wired footprint and remains confident in its ability to reach about 2.5 million incremental customer locations passed by the end of 2021."

Write to Josh Beckerman at [e-mail]

(END) Dow Jones Newswires

09-28-21 1335ET