AT&T Is in Talks With Investors on Fiber Build-Out
- Telecom giant is looking to expand its local broadband product
- AT&T working with Morgan Stanley to find build-out partner
An AT&T Inc. store in Chicago, Illinois.
Photographer: Taylor Glascock/BloombergThis article is for subscribers only.
AT&T Inc. is in discussions to create a joint venture that would invest billions of dollars on fiber-optic network expansion, according to people familiar with the matter.
The company is working with Morgan Stanley to help bring in an infrastructure partner to the venture, which is expected to be valued at $10 billion to $15 billion, said some of the people, who asked not to be identified because the matter is private.