5G Gaining, Corning CEO Also Notes Broadband Usage Up
Global 5G subscriptions are nearly 300 million, “on track to double that by the end of 2021,” Corning CEO Wendell Weeks told a Q2 call Tuesday. “We’re in the early innings of a large capital deployment cycle across 5G, fiber…
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to the home and hyperscale data centers.” Q2 sales in Corning’s optical communications business were $1.08 billion, up 21% year over year. “Momentum ... is building” in its optical communications business, said Weeks. “Demand on the network has only been increasing.” June broadband usage gained 33% from pre-pandemic levels, 10% above June 2020, “a peak quarantine period,” he said.