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Brief: AT&T, Global Infrastructure Partners, And CPP Investments To Form New Fiber Joint Venture

BRIEF-AT&T, Global Infrastructure Partners, And CPP Investments To Form New Fiber Joint Venture

- AT&T Inc. T.N:

  • AT&T, GLOBAL INFRASTRUCTURE PARTNERS, AND CPP INVESTMENTS TO FORM NEW FIBER JOINT VENTURE

  • AT&T - JV TO INCLUDE FORGED FIBER 37 AND GIGAPOWER UNDER WHOLESALE FIBER COMPANY

  • AT&T - TO OWN 50% OF JV; GIP, CPP INVESTMENTS TO OWN 50%

  • AT&T - EXPECTS PROCEEDS AT DEAL CLOSE TO HELP ACHIEVE NET-DEBT-TO-ADJUSTED EBITDA RATIO TARGET OF 2.5X RANGE WITHIN ABOUT THREE YEARS

  • AT&T INC: UNTIL DEAL CLOSE EXPECTS TO CONTINUE TO REPORT FORGED FIBER 37 AS HELD-FOR-SALE & DISCONTINUED OPERATIONS

  • AT&T INC: AFTER CLOSE, AT&T DOES NOT EXPECT TO CONSOLIDATE JV'S FINANCIAL RESULTS

  • AT&T INC: REITERATES FINANCIAL OUTLOOK AND CAPITAL ALLOCATION PLAN PROVIDED IN ITS SECOND-QUARTER 2026 EARNINGS RELEASE

Source text: ID:nCNWSh58la

Further company coverage: T.N


((Reuters.Briefs@thomsonreuters.com;))

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