AT&T stock: fiber joint venture planned with GIP and CPP Investments
Published on 10/06/2026 at 20:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
AT&T Inc. announced plans on October 6, 2026, to form a U.S. fiber joint venture with Global Infrastructure Partners and Canada Pension Plan Investment Board. The venture would combine Forged Fiber 37 and Gigapower under a wholesale, commercial open-access company. AT&T said the transaction is expected to close in the first half of 2027, subject to customary closing conditions and regulatory approvals.
Ownership and fiber expansion
Under the agreement, AT&T would own 50% of the joint venture, while GIP and CPP Investments would collectively own the remaining 50%. The company said the venture is expected to have nearly 5 million fiber locations and serve more than 1 million AT&T fiber subscribers at closing. AT&T also said the arrangement supports its plan to reach more than 60 million fiber locations by the end of 2030. The company’s announcement said AT&T does not expect to consolidate the venture’s financial results after closing.
Dividend declaration
In a separate September 24, 2026 announcement, AT&T said its board declared a quarterly common-stock dividend of USD 0.2775 per share. The dividend is payable November 2, 2026, to stockholders of record at the close of business on October 12, 2026. AT&T’s dividend release also covered dividends on its Series A and Series C preferred stock.
