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Verizon’s fiber initiative drives Prysmian to invest $15M in North American operations

October 17, 2017

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Verizon’s plans to build out an expansive fiber network has driven Prysmian—one of the telco’s main suppliers—to initiate a $15 million expansion of its plant in Lexington County, South Carolina.

This expansion will enable the company to make good on a $300 million contract it won from Verizon to build a new fiber network that will support a mix of wireless 5G, business and consumer services across multiple markets.

Prysmian will supply nearly 11 million miles of ribbon and loose tube cables.

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