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AT&T is partnering with Global Infrastructure Partners and Canada Pension Plan Investment Board to form a joint venture aimed at expanding fiber optic networks across the U.S. The venture will operate as a commercial, open-access wholesale fiber provider.
AT&T agreed to form a U.S. wholesale fiber open-access joint venture with Global Infrastructure Partners, a BlackRock unit, and CPP Investments. The venture will combine Forged Fiber 37, built from assets acquired from Lumen, with Gigapower, its existing wholesale fiber JV with GIP. Ownership split is set at 50% for AT