AT&T forms fiber venture: AT&T stock sits 7.14 percent below Xetra close

Published on 10/09/2026 at 16:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AT&T will own 50.00 percent of a fiber venture targeting 60 million locations by 2030. AT&T stock costs EUR 20.47 on October 9, 2026, 7.14 percent below EUR 22.05.

AT&T agreed on October 6, 2026 to form a fiber joint venture with Global Infrastructure Partners and CPP Investments.
AT&T will own 50.00 percent of the venture, which targets more than 60 million fiber locations by 2030.
The Lang & Schwarz price was EUR 20.47 on October 9, 2026 at 4:13 p.m. CEST, 7.14 percent below the Xetra close of EUR 22.05.
Second-quarter 2026 revenue reached USD 31.56 billion, while earnings per share came to USD 0.65 versus USD 0.59 consensus.

Aquarellbild einer Großstadtsilhouette mit Telekommunikationstürmen im pastellfarbenen Abendhimmel — AT&T Inc. Stadtpanorama mit Sendemasten als Aquarell gemalt für Aktie US00206R1023 Telekommunikationssektor, Illustration mit AI erstellt.

AT&T Inc. (ISIN US00206R1023) was trading at EUR 20.47 at Lang & Schwarz on October 9, 2026 at 4:13 p.m. CEST, 7.14 percent below the Xetra close of EUR 22.05. According to AT&T on October 6, 2026, the company agreed to form a fiber joint venture with Global Infrastructure Partners and CPP Investments.

Fiber venture targets 60 million locations

AT&T will own 50.00 percent of the venture, while Global Infrastructure Partners and CPP Investments will collectively own the other 50.00 percent. The partners plan to combine Forged Fiber 37 and Gigapower in a wholesale, open-access fiber company, according to AT&T.

The venture is expected to have nearly 5 million fiber locations and more than 1 million AT&T fiber subscribers across 16 states at closing. AT&T is targeting more than 60 million fiber locations by the end of 2030, while the transaction is expected to close in the first half of 2027.

What does the structure mean for debt?

AT&T said the proceeds at closing will support investment, shareholder returns and a net-debt-to-adjusted-EBITDA ratio in the 2.5 times range within approximately three years. The structure also keeps Forged Fiber 37 outside continuing operations until closing and is intended to provide a capital-light route for expansion.

In the second quarter of 2026, AT&T reported USD 31.56 billion in revenue and USD 0.65 in earnings per share, compared with USD 31.80 billion and USD 0.59 expected by analysts, respectively, according to MarketBeat. Revenue increased 2.30 percent from the same quarter a year earlier.

Three dated operating milestones

On July 22, 2026, AT&T reported second-quarter revenue of USD 31.56 billion and earnings per share of USD 0.65, according to MarketBeat. On September 8, 2026, the board expanded from 10 to 11 members by electing Fazal F. Merchant, as MarketScreener reported. On October 6, 2026, AT&T announced the 50.00 percent fiber venture stake.

Dividend and results dates

October 9, 2026 is the ex-dividend date for AT&T's USD 0.2775 quarterly dividend, with a record date of October 12 and payment scheduled for November 2, according to Aktiencheck. AT&T is scheduled to report third-quarter 2026 results on October 21, 2026, according to Simply Wall St.

EUR 20.47 versus the Xetra close

The Lang & Schwarz quote was EUR 20.47 on October 9, 2026 at 4:13 p.m. CEST, versus the Xetra close of EUR 22.05 on October 8, 2026. The company had a market capitalization of USD 157.4 billion and a 52-week range of USD 19.89 to USD 29.44 as of October 9, 2026. The further course of trading is shown by the continuously updated real-time quote of AT&T stock.