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Corning and AT&T signed a $3 billion-plus fiber supply deal amid AI-driven data growth, with Corning facing a premium valuation and insider selling while AT&T offers a lower multiple and steady dividend.
GLW signs a $3 billion-plus AT&T deal to expand U.S. broadband, boosting fiber capacity as data use and AI adoption drive connectivity demand.
AT&T (NYSE:T) agreed a multi year US$3b fiber supply deal with Corning to support its broadband build out. The agreement secures U.S. manufactured fiber cable for AT&T as it works toward reaching 60 million locations by 2030. Corning is set to provide fiber over several years under the contract, giving both companies…