AT&T, Global Infrastructure Partners, and CPP Investments to Form New Fiber Joint Venture
AT&T will form a U.S. fiber joint venture with Global Infrastructure Partners and CPP Investments, combining Forged Fiber 37 (the ex-Lumen fiber assets) and Gigapower into a wholesale fiber open-access company. AT&T will own 50% of the JV, with GIP and CPP Investments holding the other 50%; AT&T expects cash proceeds at closing, earmarked for deleveraging toward a 2.5x net-debt-to-adjusted-EBITDA target within roughly three years and shareholder returns.
Key figures
- Expected close
- first half of 2027
- States covered
- 16
- Att jv ownership
- 50%
- Fiber location target 2030
- more than 60 million
- Net debt to adjusted ebitda target
- 2.5x within approximately three years
AI analysis
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