Verizon FiOS FTTH deployments outstrip Corning's fiber supply

Verizon (NYSE: VZ) may have slowed down how many towns and cities it will take its Fiber to the Home (FTTH)-based FiOS network, but according to Corning (NYSE: GLW) CFO Jim Flaws the telco is ordering more fiber than Corning can provide.

Speaking during the Reuters Technology, Media and Telecommunications event on Tuesday, Flaws said that "we're actually sold out in fiber right now."

In addition to demand from service providers in Australia and Canada, as well as those in Japan rebuilding networks that were damaged after the recent earthquake, Corning is seeing new fiber buildout from Verizon. Growth in Australia and Canada is likely a result of the upcoming NBN Co. national broadband network and the ongoing drive by Bell Canada (NYSE: BCE) and its subsidiary Bell Aliant's (Toronto: BA-UN.TO) Fibe and FibreOP FTTH rollouts.  

While it's true Verizon has throttled back its FiOS rollout process in new markets, in the markets where it has seen success it is ordering more fiber to meet those demands.   

Flaws said that because "their connection rate is higher than what they originally forecast," Corning plans to add new manufacturing capacity.

For more:
- Reuters has this article

Related articles:
Wireline in the first quarter of 2011
Verizon's Q1 wireline results get EBITDA boost from FiOS and enterprise services, but revenue misses forecasts
Verizon aims for 20M FiOS homes passed, but waits for housing, economic slump to clear
Buffalo, NY group petitions Verizon to bring FiOS to their city

Suggested Articles

And the analyst group is forecasting that homes passed by fiber will increase from 40 million to 60 million over the next 10 years.

Lightyear, which was founded last year, provides an online buying experience to help enterprises purchase their telecom and IT infrastructure online.

Content delivery network provider Akamai announced its buying Dublin, Ireland-based Asavie in an all-cash deal.