StocksMedium•6 October 2026•
1 min read
AT&T Forms Fiber Joint Venture with GIP and CPP Investments
Key Facts
1AT&T, Global Infrastructure Partners (GIP), and CPP Investments agreed to form a new U.S. fiber joint venture.
2The JV will combine Forged Fiber 37 and Gigapower into a single wholesale fiber commercial open access company.
3The transaction is expected to close in the first half of 2027.
AT&T, Global Infrastructure Partners (GIP), and CPP Investments agreed to form a new U.S. fiber joint venture, according to a report by PR Newswire. The JV will combine Forged Fiber 37 and Gigapower into a single wholesale fiber commercial open access company. The transaction is expected to close in the first half of 2027.
AT&T (T) shares closed at $24.24 on October 5, 2026, while BlackRock (BLK), which includes GIP, closed at $1066.45 on the same date. The partnership aims to accelerate the expansion of fiber internet across the U.S. and leverage AT&T's scale to offer converged wireless and fiber services.