AT&T stock forms a fiber venture with GIP and CPP Investments

Published on 10/07/2026 at 16:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AT&T stock will hold 50 percent of a new fiber venture announced on October 6, 2026. The plan targets more than 60 million locations by 2030.

Aquarellbild einer Großstadtsilhouette mit Telekommunikationstürmen im pastellfarbenen Abendhimmel — AT&T Inc. Stadtpanorama mit Sendemasten als Aquarell gemalt für Aktie US00206R1023 Telekommunikationssektor, Illustration mit AI erstellt.

AT&T Inc. (ISIN US00206R1023) was trading at USD 24.68 on the NYSE on October 7, 2026, up 1.02 percent from the previous close. The company announced on October 6 that it will hold 50 percent of a new fiber joint venture with Global Infrastructure Partners and CPP Investments, according to AT&T.

AT&T targets 60 million locations

The venture will combine Forged Fiber 37 and Gigapower into a wholesale, open-access fiber company. GIP and CPP Investments will collectively own the other 50 percent, while AT&T expects proceeds at closing to support network investment, shareholder returns and a net-debt-to-adjusted EBITDA ratio target in the 2.5x range.

The transaction is expected to close in the first half of 2027, subject to regulatory approvals and customary conditions. At closing, the venture is planned to cover nearly 5 million fiber locations and serve more than 1 million AT&T fiber subscribers across 16 states, according to Reuters. AT&T plans to reach more than 60 million fiber locations by the end of 2030.

Quarterly figures set the base

The latest reported quarter ended June 30, 2026. AT&T generated revenue of USD 31.56 billion and diluted earnings per share of USD 0.66, while operating profit reached USD 7.04 billion. Revenue increased 2.3 percent year over year to USD 31.56 billion, while adjusted EPS of USD 0.65 exceeded consensus by USD 0.06, according to MarketBeat. The comparison matters because the fiber plan is designed to expand infrastructure while limiting the capital burden carried directly by AT&T.

Consensus target stays above price

The analyst consensus is Accumulate across 26 analyses, with an average price target of USD 29.01. The target stands 17.5 percent above the USD 24.68 NYSE price on October 7, 2026, based on the consensus published by MarketScreener. The upcoming October 21 results will show whether the capital-light fiber strategy is accompanied by continued operating growth.

AT&T stock trades above USD 24

AT&T stock was last at USD 24.68 on the NYSE on October 7, 2026, with a session high of USD 24.82 and a session low of USD 24.52. Its 52-week range was USD 19.89 to USD 29.44, and its market capitalization was USD 169.1 billion.