Corning Cable Systems inks NBN fiber deal for multiple dwelling units

Corning Cable Systems Pty. Ltd., the Australian arm of Corning Inc.’s (NYSE:GLW) Telecommunications segment, says it will be a primary supplier of fiber-optic cable and hardware to NBN Co. for the Australian government’s National Broadband Network (NBN) for multiple-dwelling units (MDUs).

Corning Cable Systems Pty. Ltd., the Australian arm of Corning Inc.’s (NYSE:GLW) Telecommunications segment, says it will be a primary supplier of fiber-optic cable and hardware to NBN Co. for the Australian government’s National Broadband Network (NBN) for multiple-dwelling units (MDUs).

The new deal is worth up to AUS $310 million over five years. Corning had already won a similar deal to supply fiber-optic cable and hardware for single-family units this past January. Corning will supply its bend-insensitive ClearCurve cable under the contract.

NBN intends to pass 93 percent of Australian homes and businesses, or approximately 12 million premises, with an open access FTTH network. More than 30 percent of these will be MDUs, Corning estimates.

Corning said upon winning the earlier contract that it will invest approximately AUS $25 million in its Clayton, Melbourne facility to meet demand. It did not announce further investment to handle this latest contract.

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