As AT&T moves forward with its fiber broadband push, the service provider is complementing its own network builds outside of its territory through its open access platform via its wholesale Gigapower platform.
Last January, AT&T and investment firm BlackRock Alternatives, through a fund managed by BlackRock’s Diversified Infrastructure business, say that they have agreed to form a wholesale fiber network services provider called Gigapower LLC that will target markets outside of AT&T’s traditional 21-state wireline footprint.
The two companies say they will co-own and “govern” the joint venture but did not reveal the ownership split or how much money each party will commit to the deal. The transaction is subject to customary closing conditions, including regulatory approvals; the parties did not predict when they expect this milestone to be met.
Speaking to investors during the 52nd annual JPMorgan Global Technology, Media and Communications Conference, John Stankey, CEO of AT&T said open access fiber networks will continue to emerge.
