AT&T weighing multibillion-dol

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StickyRice
2022-10-22

AT&T weighing multibillion-dollar fiber joint venture - Bloomberg

AT&T $AT&T Inc(T)$ is in early talks to establish a joint venture with an infrastructure partner that would invest billions of dollars in expanding its fiber-optic network, Bloomberg reports.

The carrier is working with Morgan Stanley about setting up a JV that would be valued at $10B-$15B, according to the report.

AT&T could find a partner this year, though the venture could slip into 2023, Bloomberg said.

But AT&T partnering with an infrastructure investor would be part of a trend that has seen major alternative asset managers (including KKR, Brookfield (BIP) and Blackstone (BX)) increasingly investing in areas like cellular tower holdings.

Meanwhile, while rivals Verizon (NYSE:VZ) and T-Mobile (NASDAQ:TMUS) have recently given heavy focus to fixed wireless Internet, AT&T (T) has indicated its re-focus on fiber buildouts after divesting WarnerMedia into Warner Bros. Discovery.

# 💰 Stocks to watch today?(26 Nov)

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NEWBIE
·2022-10-22
an interesting read
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Taylee
·2022-10-22
👍
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boonhong21
·2022-10-22
[Happy]
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Thonyaunn
·2022-10-22
Gd
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takeshi3879
·2022-10-22
👍
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Velisian
·2022-10-22
👍🏻
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Winnie4874
·2022-10-22
Ok
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MoreThanGold
·2022-10-22
Ok
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LongShort333
·2022-10-22
ok
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kcdc86
·2022-10-22
Ok
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Waka Tiger
·2022-10-22
😀
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IZTan
·2022-10-22
ok
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hengonghuat888
·2022-10-22
nice
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cpeiying
·2022-10-22
[Smile]
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ERICTAN86
·2022-10-22
Ok
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justforcoins
·2022-10-22
k
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A. THOR
·2022-10-22
Tq
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虎威将
·2022-10-22
Thansk
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mamaroar
·2022-10-22
good
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jochen
·2022-10-22
Ok
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