AT&T reportedly in talks to create JV focused on fiber optics


AT&T Inc. T, -0.38% is reportedly in talks to put together a joint venture that would focus on investments in fiber-optic network expansion, Bloomberg News said Wednesday afternoon. The telecommunications giant is working with Morgan Stanley as it looks for an infrastructure partner for the JV, per the report. The JV could be valued at $10 billion to $15 billion and would seek to invest billions, according to Bloomberg, which quoted multiple unnamed sources. AT&T has been focusing more on telecommunications after spinning off WarnerMedia earlier this year. A representative from AT&T didn’t immediately respond to a MarketWatch request for comment. AT&T is due to report quarterly earnings Thursday morning.

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