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AT&T Inc. has announced an agreement to form a new U.S. fiber joint venture with Global Infrastructure Partners and Canada Pension Plan Investment Board. This venture aims to accelerate the expansion of fiber internet services.
Oct 6 (Reuters) — AT&T Inc.: At&t, Global Infrastructure Partners, And Cpp Investments To Form New Fiber Joint Venture At&t - Jv To Include Forged Fiber 37 And Gigapower Under Wholesale Fiber Company At&t - To Own 50% Of Jv; Gip, Cpp Investments To Own 50% At&t - Expects Proceeds At Deal Close To Help Achieve Net-debt
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