AT&T Corp. has announced a joint venture with the Canada Pension Plan Investment Board and BlackRock Inc.’s Global Infrastructure Partners to invest in commercial fiber internet infrastructure. This partnership, called Forged Fiber 37, will see AT&T holding a 50% stake, while GIP and CPP Investments will share the other half.
The joint venture aims to enhance the high-performance connectivity required for the growing demands of the artificial intelligence sector. The closing of the agreement is anticipated in the first half of 2027, subject to regulatory approval.
James Bryce, head of infrastructure at CPP Investments, emphasized the importance of reliable fiber infrastructure for the digital economy, stating that this venture combines AT&T’s expertise with strategic capital to expand connectivity across the U.S. and create long-term investment value.
GIP manages assets exceeding $200 billion, while CPP Investments managed C$863.6 billion (approximately $606.46 billion) as of June 30, serving over 22 million contributors and beneficiaries.
