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.
- Reuters has this article
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