Earlier this week, Verizon’s Executive VP & CTO Kyle Malady spoke with Eric Luebchow, a Wells Fargo associate analyst at the Well Fargo TMT Conference, offering an update and some insight into the carrier’s fiber plans and progress.
Fiber is such a key component to Verizon’s 5G plan, that the carrier combined its fiber assets and plans into single program called One Fiber back in 2016. The initial deployment was focused on the Boston area and included plans to invest $300 million over six years. In 2017, the operator announced a three-year agreement with Corning that contemplated the purchase of up to 12.4 million miles of optical fiber every year from 2018 to 2020 with a minimum purchase amount of $1.05 billion.
