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…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
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.