Lumen Technologies announced significant progress in its multi-year effort to build the backbone for the artificial intelligence (AI) economy. The company plans to add 34 million new intercity fiber miles by the end of 2028, bringing its total to 47 million intercity fiber miles.
This multi-billion-dollar network expansion includes substantial network capacity upgrades and the deployment of 400G connectivity. The initiative is directly driven by the soaring demand for AI-ready infrastructure, requiring high-speed, low-latency data transmission.
As a key supplier of fiber, cable, and connectivity solutions to telecommunications companies like Lumen, this accelerated expansion signals a significant increase in demand for Corning's Optical Communications products. The investment by Lumen underscores the ongoing secular trend of fiber deployment fueled by AI, providing a strong tailwind for Corning's business.
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