Friday, Corning Inc. (GLW) an expert in fiber-based solutions, and Portugal Telecom (PT) announced on an agreement to work together to develop, test, and implement innovative and advanced Gigabit Passive Optical Network technology solutions for Next-Generation Access fiber optic networks in Portugal.
Portugal Telecom has recently signed an agreement with the Portuguese government and other telecommunications providers to develop a fiber optic network in the country. The goal is to enable access to next-generation services such as true high-speed Internet, voice, and HDTV based on a new network for up to 1.5 million Portuguese.
Corning revealed that the next-generation fiber-optic-based technology will allow Internet users high-speed broadband access that will provide the true high definition and 3D interactive television experiences which will be demanded in the future.
Corning said it would utilize its new ClearCurve product suite optimized for the European market in the Portugal Telecom solution. The new product suite is enabled by ClearCurve fiber, which is hundreds of times more bendable than standard single-mode fiber. Featuring Corning's breakthrough nanoStructures technology, ClearCurve optical fiber can be bent around very tight corners with virtually no signal loss while maintaining backward compatibility with the installed base of optical fiber.
Corning further noted that this fiber enables the construction of rugged drop cables for multi-dwelling units which can be pulled through wall studs, stapled to wood and otherwise handled like copper communications cables. It also enables hardware and equipment for fiber optic networks that is smaller and more aesthetically pleasing.
Portugal Telecom (PT) provides a full range of fixed and mobile telecommunication services, including voice, broadband and television and covers all segments of the market.
GLW is currently trading at $14.44 down $0.23 or 1.50% on a volume of 5.02 million on the NYSE.
Portugal Telcom currently trading $8.02 down $0.05 or 0.62% on a volume of 0.62 million on the NYSE.
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