AT&T Consolidates Fiber Operations Through Joint Venture Structure

AT&T is combining its Gigapower broadband service with Forged Fiber 37, its holding entity for acquired Lumen fiber assets, into a single joint venture where it will maintain a 50% ownership stake alongside two financial partners. This consolidation streamlines AT&T's fiber infrastructure operations under unified management. The restructuring reflects AT&T's strategy to leverage its expanded fiber footprint from recent acquisitions.

AT&T is restructuring its fiber broadband operations by merging Gigapower, its consumer-facing fiber service, with Forged Fiber 37, an entity holding fiber assets acquired from Lumen Technologies. The resulting joint venture will operate as a unified business, with AT&T retaining half ownership while two financial partners collectively hold the remaining stake. This consolidation aims to create integrated management across the company's expanded fiber network infrastructure.

The move follows AT&T's recent acquisition of Lumen fiber assets, which significantly expanded its fiber footprint. By combining previously separate fiber operations into a single structure, AT&T seeks to optimize operations and deployment across its enlarged network. The joint venture model allows AT&T to maintain majority operational control while bringing in financial partners to support infrastructure development.