AT&T announces new JV to accelerate US fiber adoption

AT&T has formed a U.S. fiber joint venture with GIP and CPP Investments to expand high-speed internet access. AT&T will own 50%, with the partners owning the rest. The deal, expected to close in early 2027, will help AT&T reduce debt and invest in its business. AT&T aims to reach 60 million fiber locations by 2030, competing with Verizon and T-Mobile in the fiber market. AT&T's shares have declined 6.6% over the past year, with a forward P/S ratio of 1.27.

AT&T will form a 50-50 joint venture with GIP and CPP Investments, combining its fibre assets from Lumen and existing Gigapower venture. The deal, expected to close in 2027, aims to expand fibre in 16 states and support AT&T's goal of 60 million fibre locations by 2030. AT&T plans to use proceeds to reduce debt and return capital to shareholders.

AT&T plans to combine Forged Fiber 37 and Gigapower into a joint venture (JV) to expand its fiber network to 60 million locations by 2030, up from 40 million currently. The JV will be 50% owned by AT&T, with the rest split between GIP and CPP Investments, aiming to accelerate fiber service expansion in 16 states. The deal is expected to close in early 2025, subject to regulatory approvals.

AT&T is forming a fiber-optic joint venture with Global Infrastructure Partners (GIP), a BlackRock subsidiary, and CPP Investments. AT&T will retain a 50% stake, while GIP and CPP Investments will jointly hold the remaining 50%. The venture will target major metropolitan areas in 16 US states, accelerating AT&T's expansion. The transaction is expected to close in H1 2027, subject to regulatory approvals.

Canada Pension Plan Investment Board (CPPIB) is forming a joint venture with AT&T Inc. and BlackRock Inc.'s Global Infrastructure Partners to expand fibre-optic networks in the U.S. CPPIB will invest an undisclosed sum, with AT&T aiming to connect over 60 million locations by 2030. The venture will merge AT&T's Forged Fiber 37 with Gigapower, with financial terms undisclosed and the deal expected to close in early 2027. AT&T may use proceeds to pay down debt and return capital to shareholders.

AT&T, Global Infrastructure Partners (GIP), and Canada Pension Plan Investment Board (CPP Investments) will form a U.S. fiber joint venture. The JV will include AT&T's Forged Fiber 37 and Gigapower, aiming to expand fiber services across 16 states. AT&T will own 50%, with GIP and CPP Investments collectively owning the other 50%. The deal is expected to close in early 2027, with AT&T using proceeds for debt reduction, investments, and shareholder returns.