AT&T forms fibre JV with GIP and CPP Investments to expand US reach

AT&T, Global Infrastructure Partners and Canada Pension Plan Investment Board are combining Forged Fiber 37 and Gigapower assets into a wholesale open-access fibre joint venture. AT&T will retain 50% ownership, with the deal expected to close in the first half of 2027 and a goal of reaching over 60 million locations by 2030.

• JV merges Forged Fiber 37 and Gigapower into a wholesale open-access fibre company
• AT&T keeps 50%, with GIP (BlackRock) and CPP Investments holding the rest
• Expansion covers 16 states, with the deal expected to close in H1 2027
• AT&T targets connectivity to more than 60 million locations by 2030