Verizon Awards $300 Million Fiber-Optic Cable Supply Contract
Prysmian Group has been awarded a $300 million contract from Verizon Communications to support the company’s US network expansion around a next-generation fiber platform that will speed the deployment of 5G services, while improving 4G LTE and other broadband capacity. The three-year contract will include the supply of more than 10.6 million miles of ribbon and loose tube cables.
“Prysmian Group’s telecom division is an established optical cable and connectivity solutions provider to Verizon,” Viju Menon, Verizon’s chief supply chain officer, said. “This strategic supply agreement helps ensure we can ramp supply in order to expand our network capacity and speed 5G deployment.”
To fulfill the terms of the contract, Prysmian intends to make a significant investment through 2018 in its United States-based optical cable unit. Currently, the company has three telecom production sites in America, two for the production of optical cable and one for the production of optical fiber.
Related News
From Archive
- Tunnel boring machine ‘Clack-A-Mole’ nears one-third completion in Oregon outfall project
- Lynchburg, Va., breaks ground on largest-ever Blackwater CSO tunnel project
- Texas A&M weighs underground transit plan with Elon Musk's Boring Co. to reduce campus traffic
- Wyo-Ben’s Max Gel, Max Bore HDD system boost drilling efficiency, performance
- Colorado's Wolf Creek Pass tunnel drainage project begins
- Wisconsin proposes new PFAS drinking water standards to align with federal rules
- Elgin, Ill., joins EPA drinking water initiative to accelerate lead pipe replacement
- Dog River pipeline replacement in Oregon improves water supply with new HDPE pipe
- Leaking wastewater systems named top source of San Diego River contamination, study finds
- New Portable Welding System From Miller
Comments