AT&T Inc. (NYSE:T) affiliates and affiliates of Global Infrastructure Partners ("GIP"), a part of BlackRock, and Canada Pension Plan Investment Board ("CPP Investments") have agreed to form a new U.S. fiber joint venture (the "JV") to bring fiber to more homes across the country.

The JV will operate as a leading wholesale fiber commercial open access company and will include Forged Fiber 37 – the newly created subsidiary holding the fiber build engine, network assets, and operations that AT&T recently acquired from Lumen, and Gigapower – AT&T's existing wholesale fiber joint venture with GIP.