Lumen Technologies And Corning Announce Agreement Reserving 10% Of Corning's Global Fiber Capacity For Two Years To Interconnect AI-Enabled Data Centers
Portfolio Pulse from Benzinga Newsdesk
Lumen Technologies and Corning have announced an agreement that reserves 10% of Corning's global fiber capacity for two years. This deal will more than double Lumen's intercity network miles, enhancing AI capabilities for cloud data centers, enterprises, and public agencies.
August 01, 2024 | 3:06 pm
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Corning has entered into an agreement with Lumen Technologies to reserve 10% of its global fiber capacity for two years. This partnership will support the expansion of Lumen's intercity network miles and enhance AI capabilities.
The agreement with Lumen Technologies indicates strong demand for Corning's fiber products, which is likely to positively impact Corning's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Lumen Technologies has secured an agreement with Corning to reserve 10% of Corning's global fiber capacity for two years. This will more than double Lumen's intercity network miles, significantly enhancing its AI capabilities for cloud data centers, enterprises, and public agencies.
The agreement with Corning will significantly enhance Lumen's network infrastructure, which is crucial for AI capabilities. This is likely to positively impact Lumen's stock price in the short term as it strengthens its market position.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100