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AT&T, Global Infrastructure Partners, and CPP Investments to Form New Fiber Joint Venture
The venture will combine AT&T’s fiber assets with GIP and CPP Investments, giving the company a capital-light path to expand into 16 states.
- On Tuesday, AT&T Inc. announced a fiber joint venture with BlackRock's Global Infrastructure Partners and Canada Pension Plan Investment Board to accelerate fiber expansion across more U.S. communities.
- The venture provides a capital-light path to expand fiber beyond AT&T's traditional service areas into major metro areas across 16 states, including Arizona, Colorado, and Florida.
- Combining Forged Fiber and Gigapower, the venture holds AT&T with 50% ownership while GIP and CPP Investments collectively own the other 50%; Forged Fiber contains assets AT&T acquired from Lumen Technologies on February 2, 2026.
- Proceeds will help AT&T achieve a net-debt-to-adjusted EBITDA ratio of about 2.5 times within roughly three years, while funding continued business investment and shareholder returns.
- Subject to regulatory approvals and customary closing conditions, the transaction is expected to close in the first half of 2027, positioning the combined entity as a scaled wholesale fiber operator.
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AT&T, Global Infrastructure Partners, and CPP Investments to Form New Fiber Joint Venture
The joint venture will bring together Forged Fiber 37 and Gigapower under one wholesale fiber commercial open access company to accelerate expansion of fiber internet across more U.S. communities
AT&T to form fiber joint venture with BlackRock's GIP, CPP Investments
·London, United Kingdom
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AT&T, GIP and CPP investments form US fiber joint venture
AT&T Inc. affiliates and affiliates of Global Infrastructure Partners (“GIP”), a part of BlackRock, and Canada Pension Plan Investment Board (“CPP Investments”) have agreed to form a new U.S. fiber joint venture (the “JV”) to bring fiber to more homes across the country. The JV will operate as a leading wholesale fiber commercial open access […]
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Total News Sources15
Leaning Left0Leaning Right2Center5Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
C 71%
R 29%
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