AT&T, Global Infrastructure Partners, and CPP Investments to Form New Fiber Joint Venture
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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 Key Takeaways: DALLAS, Oct. 6, 2026 /PRNewswire/ -- AT&T Inc. (NYSE: T ) 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 company and will include Forged Fiber 37 – the newly created subsidiary holding the fiber build engine, network assets, and operations that AT&T recently acquired from Lumen, and Gigapower – AT&T's existing wholesale fiber joint venture with GIP. 2 The investments by AT&T – America's largest fiber provider – and GIP and CPP Investments will enable the planned acceleration of fiber builds in more communities across the country. The JV will help accelerate delivery of critical infrastructure needed to help meet America's growing demand for high-performance advanced connectivity as AI begins to reshape network traffic. This supports AT&T's plans to reach more than 60 million fiber locations by the end of 2030. 3 "Fiber is the definitive connectivity technology for an AI-driven world,"...
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