AT&T partners with BlackRock and CPP Investments on U.S. fiber joint venture
AT&T has announced a partnership with affiliates of Global Infrastructure Partners, a division of BlackRock (BLK), and the Canada Pension Plan Investment Board to form a new U.S. fiber joint venture. The initiative aims to expand high-speed fiber internet access across more American homes by leveraging AT&T's infrastructure expertise alongside significant capital investment from its partners. This collaboration is expected to accelerate broadband deployment in underserved areas, supporting broader digital inclusion goals and enhancing the company’s long-term growth strategy through strategic investments rather than direct expansion. The joint venture reflects a growing trend of telecom companies partnering with institutional investors to fund large-scale infrastructure projects.
