Zayo expands Corning fiber supply agreement

Zayo Group, a leading digital network infrastructure provider, announced an expanded strategic supply agreement with Corning Incorporated to secure a significant portion of the fiber optic cable Zayo projects it will need through the remainder of the decade. The agreement supports Zayo's plan to add 15,000 new route miles by 2030, including more than 8,000 miles of new long-haul fiber developed in collaboration with Nvidia. The deal addresses the growing pressure on physical inputs like fiber caused by AI infrastructure demand, ensuring supply assurance and flexibility for Zayo's network expansion. Executives from both companies emphasized the importance of securing materials early to avoid construction delays. Zayo's CEO Steven Smith, who will be succeeded by Sowmyanarayan Sampath from Verizon in September, highlighted the strategic value of the agreement.