From The Dallas Morning News:
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.
The discussions with infrastructure investors are early and could still fall apart, the people said. AT&T could find a partner as soon as this year, but it could also slip into 2023, one of the people added.
AT&T and Morgan Stanley declined to comment. TMT Finance reported some of the details in late August.
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