Aerie Places $1 Billion Fiber Contract

Startup carrier buys 8.9 million miles of Corning fiber for more than $1 billion

June 26, 2000

1 Min Read

Aerie Networks, the first company to introduce Mass Produced BandwidthSM and User Defined NetworksSM, today announced that Corning Incorporated [NYSE:GLW] would supply Corning® LEAF® optical fiber for all of Aerie's planned 20,000-mile nationwide broadband network. The overall value of the supply agreement for 8.9 million fiber miles (14.24 million fiber kilometers) is estimated to be worth in excess of $1 billion over the next four years.

"After securing access to 14,958 miles of rights of way from 12 energy pipeline and communications companies, our agreement with Corning achieves our next critical milestone by securing the fiber supply for the entire build-out of Aerie network," said Peter Geddis, Aerie chief executive officer. "This partnership represents a significant commitment by both companies to the successful implementation of the largest inter-city, broadband network ever envisioned in this country. As the world's leading fiber manufacturer of optical fiber and the industry leader in optical fiber and photonic technologies for long-haul networks, Corning is the perfect technology partner for Aerie."

http://www.aerienetworks.com/press_aerie_selects.html

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like