AT&T forms fiber venture and AT&T stock trades at EUR 19.97

Published on 10/13/2026 at 12:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AT&T will hold 50.00 percent of the venture targeting 60 million locations by 2030. AT&T stock costs EUR 19.97 on October 13, 2026 versus EUR 19.84.

AT&T agreed on October 6, 2026, to form a fiber joint venture with GIP and CPP Investments, with AT&T holding 50.00 percent.
The venture targets more than 60 million fiber locations by the end of 2030 and is expected to close in the first half of 2027.
AT&T reported USD 31.56 billion in second-quarter 2026 revenue and adjusted earnings per share of USD 0.65.
Lang & Schwarz quoted AT&T stock at EUR 19.97 on October 13, 2026, plus 0.64 percent versus the Xetra close of EUR 19.84 on October 9, 2026.

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AT&T Inc. (ISIN US00206R1023) was trading at EUR 19.97 at Lang & Schwarz on October 13, 2026, at 12:40 p.m. CEST. On October 6, AT&T agreed to form a fiber joint venture with Global Infrastructure Partners and CPP Investments, a move that gives the company 50.00 percent ownership while keeping the stock close to its recent market lows.

What does the fiber deal change?

According to AT&T on October 6, 2026, the venture will combine Forged Fiber 37 and Gigapower into a wholesale open-access fiber company. AT&T will own 50.00 percent, while GIP and CPP Investments will collectively own the remaining 50.00 percent.

The venture is designed to support AT&T's target of reaching more than 60 million fiber locations by the end of 2030. It is expected to serve nearly 5 million fiber locations and more than 1 million AT&T fiber subscribers at closing across 16 states, while the transaction is expected to close in the first half of 2027, subject to approvals.

Operating figures set the test

AT&T's second-quarter 2026 results provide the financial baseline for judging the fiber strategy. Yahoo Finance reported from the July 22, 2026 earnings call that adjusted earnings per share reached USD 0.65, up more than 20.00 percent from USD 0.54 a year earlier. Second-quarter revenue was USD 31.56 billion, up 2.30 percent year over year.

The same call showed a split inside the business. Advanced Connectivity service revenue grew 5.10 percent year over year in the second quarter of 2026, while legacy service revenue declined 26.00 percent. That contrast makes the fiber venture strategically important, but it also leaves execution and capital allocation as the key measures for upcoming results.

Analyst target reflects the risk

Scotiabank lowered its AT&T price target from USD 27.50 to USD 26.50 on October 9, 2026, while maintaining a Sector Perform rating, according to Markets Insider. The analyst cited a higher long-term disruption risk after SpaceX's spectrum transaction.

A separate NYSE reference for AT&T stood at USD 22.49 on October 12, 2026. Against that value, the USD 26.50 target lies 17.83 percent above the price, although the target cut shows that competitive pressure is part of the valuation debate.

EUR 19.97 in German trading

At Lang & Schwarz, AT&T stock was trading at EUR 19.97 on October 13, 2026, at 12:40 p.m. CEST, up 0.64 percent versus the Xetra close of EUR 19.84 on October 9, 2026. The primary-market reference showed a 52-week range of USD 19.89 to USD 29.44 on October 12, 2026, and market capitalization of USD 154.1 billion on that date.

MarketBeat listed October 21, 2026, as the estimated date for AT&T's third-quarter 2026 results, with consensus revenue of USD 31.69 billion and earnings per share of USD 0.60, according to MarketBeat. The comparison with second-quarter revenue of USD 31.56 billion gives investors a concrete benchmark for the next report.

The further course of trading is shown by the continuously updated real-time quote of AT&T stock.