(CercleFinance.com) – AT&T and BlackRock Alternatives announce that they have signed a definitive agreement to form a joint venture -Gigapower- which will offer premium wholesale fiber optic services to Internet service providers and other businesses in the United States .
Gigapower will serve customers outside of AT&T’s traditional wireline services in 21 states with fiber access technologies, and AT&T will leverage its wireless capabilities to market fiber to customers in Gigapower territories.
AT&T and BlackRock will jointly own and govern Gigapower. This transaction is subject to customary closing conditions, including regulatory approvals. Additional terms were not disclosed.
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