AT&T has agreed to establish an American fiber joint venture with Global Infrastructure Partners and CPP Investments. AT&T will hold 50% of the joint venture's shares, and GIP and CPP will hold the remaining 50% of the shares. AT&T contributes fiber expertise and distribution channels; GIP and CPP Investments provide capital. The joint venture structure was a capital-light model for AT&T, and the proceeds were used to reduce the ratio of net debt to adjusted EBITDA by about 2.5 times. The merged entity aims to help AT&T cover more than 60 million fiber sites by the end of 2030. The joint venture will expand fiber construction in 16 states, including Arizona, Colorado, Florida, Oregon, and Washington. The deal is expected to close in the first half of 2027.
Zhitongcaijing · 1d ago
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AT&T has agreed to establish an American fiber joint venture with Global Infrastructure Partners and CPP Investments. AT&T will hold 50% of the joint venture's shares, and GIP and CPP will hold the remaining 50% of the shares. AT&T contributes fiber expertise and distribution channels; GIP and CPP Investments provide capital. The joint venture structure was a capital-light model for AT&T, and the proceeds were used to reduce the ratio of net debt to adjusted EBITDA by about 2.5 times. The merged entity aims to help AT&T cover more than 60 million fiber sites by the end of 2030. The joint venture will expand fiber construction in 16 states, including Arizona, Colorado, Florida, Oregon, and Washington. The deal is expected to close in the first half of 2027.
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