Announced
Completed
Financials
Tags
Majority
United States
fiber solutions
Acquisition
Joint Venture
Domestic
internet connectivity
Private
Single Bidder
Internet
Private Equity
Friendly
Completed
Synopsis
AT&T, a network company and BlackRock, a private equity firm, completed the formation of Gigapower, a fiber services joint venture. Financial terms were not disclosed. “We believe fiber connectivity changes everything. That’s why we’re already one of the biggest investors in fiber in the United States. The demand for high-speed connectivity is unprecedented, and through this innovative partnership with BlackRock, one of the world’s foremost investors in infrastructure, we’re able to connect even more people and businesses, accelerating our efforts to help close the digital divide," John Stankey, AT&T CEO.
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