AT&T, BlackRock’s GIP and CPP Investments form US wholesale fiber joint venture
Bitget2026/10/06 12:34AT&T agreed to form a U.S. wholesale fiber open-access joint venture with Global Infrastructure Partners, a BlackRock unit, and CPP Investments. Venture will combine Forged Fiber 37, built from assets acquired from Lumen, with Gigapower, its existing wholesale fiber JV with GIP. Ownership split set at 50% for AT&T; GIP and CPP Investments to hold the remaining 50% collectively. Transaction expected to close in the first half of 2027, subject to regulatory approvals. Deal targets faster fiber expansion toward more than 60 million fiber locations by end-2030; AT&T expects cash proceeds at closing. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AT&T Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202610060831CANADANWCANADAPR_C4431) on October 06, 2026, and is solely responsible for the information contained therein.
- AT&T agreed to form a U.S. wholesale fiber open-access joint venture with Global Infrastructure Partners, a BlackRock unit, and CPP Investments.
- Venture will combine Forged Fiber 37, built from assets acquired from Lumen, with Gigapower, its existing wholesale fiber JV with GIP.
- Ownership split set at 50% for AT&T; GIP and CPP Investments to hold the remaining 50% collectively.
- Transaction expected to close in the first half of 2027, subject to regulatory approvals.
- Deal targets faster fiber expansion toward more than 60 million fiber locations by end-2030; AT&T expects cash proceeds at closing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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