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Verizon signs $300M optical cable purchase with Prysmian

Verizon named Prysmian as an additional supplier of fiber cable to support its 4G and 5G wireless and wireline broadband plans, signing a $300 million deal with the company.

Under the terms of the three-year contract, Prysmian will supply Verizon with over 17 million kilometers (10.6 million miles) of ribbon and loose tube cables.

This is the second major optical cable and component deal Verizon has signed. In April, Verizon signed a $1.1 billion, three-year fiber and hardware purchase agreement with Corning. Verizon will purchase up to 20 million km (12.4 million miles) of optical fiber each year from 2018 through 2020.

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