Verizon and Corning Get Ready for 5G
Verizon secured a supply of up to 37.2 million miles of fiber from Corning in a deal worth a minimum of US$1.05 billion. Verizon is creating a fiber-rich, multi-technology, Next-Generation Fiber Platform to enhance FiOS broadband, to densify 4G LTE, and to form the dense fiber backbone required for 5G. This deal is part of a larger “land grab” involving multiple fiber network providers and mmWave spectrum assets in the U.S. as the industry readies itself for the 5G era.
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