AT&T, Global Infrastructure Partners, and CPP Investments to Form New Fiber Joint Venture
PR Newswire•06/10/2026•08:32 ET
0
Key Highlights
- ➤AT&T, GIP, and CPP Investments will combine Gigapower and Forged Fiber 37.
- ➤AT&T will own 50%; GIP and CPP Investments will collectively own 50%.
- ➤JV targets more than 60 million fiber locations by end-2030.
- ➤AT&T expects closing proceeds to support deleveraging, investment, and shareholder returns.
- ➤Transaction is expected to close in the first half of 2027, pending approvals.
Expert Statements
John Stankey, Chairman and CEO of AT&T
“Fiber is the definitive connectivity technology for an AI-driven world.”
John Stankey, Chairman and CEO of AT&T
“Demand for symmetrical, high-capacity, low-latency connectivity is only increasing, and this JV will bring the unmatched benefits of high-speed, reliable fiber connectivity to more Americans. By partnering with leading digital infrastructure investors, we see significant opportunity to strengthen our scale advantage in fiber, broaden availability of our award-winning services and grow our leadership in converged fiber and 5G connectivity.”
Mark Florian, Head of GIP Mid-Markets Funds
“Reliable, high-speed connectivity is becoming increasingly essential to how Americans work, learn and access services.”
Mark Florian, Head of GIP Mid-Markets Funds
“By bringing Gigapower and Forged Fiber 37 together, this joint venture with AT&T and CPP Investments aims to help meet growing demand for high-capacity broadband, while providing our clients with exposure to a scaled infrastructure business positioned to benefit from the long-term digitalization of the global economy.”
James Bryce, Managing Director and Head of Infrastructure at CPP Investments
“Demand for reliable, high-capacity connectivity continues to grow, making fiber infrastructure an increasingly important part of the digital economy.”
James Bryce, Managing Director and Head of Infrastructure at CPP Investments
“By combining AT&T's extensive fiber expertise with strategic capital, this joint venture is well positioned to expand critical connectivity across the United States and to generate long-term investment value for the CPP Fund.”
AT&T, Global Infrastructure Partners, and CPP Investments to Form New Fiber Joint Venture PR Newswire
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
Get started
Create a free account to read the full story.