Tuesday, January 27, 2026 at 2:23 PM
Meta has struck a multiyear deal worth up to $6 billion to buy fiber-optic cable from Corning, a move aimed at advancing the expansion of its U.S. data-center network for artificial-intelligence systems.
Its planned capital spending of up to $135 billion represents a significant acceleration, but the company’s ad business is keeping pace.
The company says its sales were about $60 billion in the fourth quarter for a year-over-year growth rate of 24%.
The consortium is nearing a deal to acquire ST Telemedia Global Data Centres valued at over $10 billion.
There aren’t enough linemen and other skilled workers to lay all the fiber-optic cable needed to achieve nationwide broadband internet.
