Frontier, Stonepeak Discuss Up to $1 Billion Fiber JV [BNN Bloomberg (Canada)]
AT&T Inc. (T)
Last at&t inc. earnings: 4/22 06:54 am
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Source: BNN Bloomberg
The joint venture could involve a capital injection of $500 million to $1 billion, the people said, asking not to be identified discussing confidential information. Deliberations are ongoing and no final decisions on terms, including the size of the joint venture, have been made. A representative for Stonepeak declined to comment, while a spokesperson for Frontier didn't immediately provide comment. Frontier would become the latest telecom company in recent years to tap deep-pocketed investors looking to increase their exposure to digital infrastructure. AT&T Inc. has a joint venture with Blackrock Inc. and T-Mobile USA Inc. has one with EQT AB. New York-based Stonepeak manages about $65 billion in assets, according to its website. The firm specializes in infrastructure and real assets and has invested across more than 60 countries. ©2024 Bloomberg L.P. FAANG stocks
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Earnings
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