AT&T forms fiber venture: AT&T stock yields 4.54 percent

Published on 10/08/2026 at 16:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The venture targets more than 60 million fiber locations by 2030. AT&T stock costs EUR 21.92 after EUR 21.84, plus 0.37 percent.

Key points in brief

AT&T agreed on October 6, 2026 to form a fiber joint venture with GIP and CPP Investments, retaining 50.00 percent ownership.
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 stock was trading at EUR 21.92 at Lang & Schwarz on October 8, 2026 at 4:43 p.m. CEST, plus 0.37 percent versus EUR 21.84.
Second-quarter 2026 revenue was USD 31.56 billion, up 2.30 percent year over year, while adjusted earnings per share reached USD 0.65.

Schwarzweiß-Reportagefoto von Ingenieuren in einem Telekommunikations-Rechenzentrum mit Servern — Schwarzweiß-Reportage eines US00206R1023 Telekommunikations-Rechenzentrums von AT&T Inc. mit Ingenieuren bei der Arbeit, Illustration mit AI erstellt.

AT&T Inc. (ISIN US00206R1023) was trading at EUR 21.92 at Lang & Schwarz on October 8, 2026 at 4:43 p.m. CEST, up 0.37 percent versus the prior close of EUR 21.84. On October 6, 2026, AT&T, Global Infrastructure Partners and CPP Investments agreed to form a fiber joint venture in which AT&T will retain 50.00 percent, according to AT&T. AT&T stock carries a 4.54 percent dividend yield, according to StockUpside on October 8, 2026.

Fiber venture targets 60 million locations

The new wholesale fiber company will combine Forged Fiber 37 with Gigapower and extend AT&T's network beyond its traditional service areas. The company targets more than 60 million fiber locations by the end of 2030, while the venture is expected to start with nearly 5 million locations and more than 1 million AT&T fiber subscribers.

AT&T said the transaction should close in the first half of 2027, subject to regulatory approvals and customary closing conditions. After closing, AT&T expects to report its share of the venture's equity income rather than consolidate its financial results, giving the structure a capital-light profile.

What does the deal mean for growth?

The latest operating figures show why fiber remains central to the strategy. In the second quarter of 2026, AT&T reported USD 31.56 billion of revenue, up 2.30 percent from USD 30.85 billion a year earlier, and adjusted earnings per share of USD 0.65, up more than 20.00 percent from USD 0.54, according to Fortune on July 22, 2026.

Advanced Connectivity service revenue increased 5.10 percent year over year in the second quarter of 2026, while adjusted EBITDA rose 5.20 percent and the adjusted EBITDA margin reached 39.10 percent. Management also maintained full-year 2026 adjusted earnings-per-share guidance of USD 2.25-2.35 in the earnings call.

Three dated operating milestones

On July 22, 2026, AT&T reported second-quarter revenue of USD 31.56 billion and adjusted earnings per share of USD 0.65. On September 24, 2026, the board declared a common-stock dividend of USD 0.2775 per share, according to AT&T. On October 6, 2026, the company announced the fiber venture with 50.00 percent ownership and a target of more than 60 million locations by 2030.

Next dates for AT&T shareholders

AT&T's next two published dates are October 12, 2026, for the common-share dividend record date, and October 21, 2026, for the third-quarter earnings call, according to AT&T Investor Relations. The October 21 report will provide the next measured update on fiber additions, cash flow and the effect of the new joint venture plan.

AT&T stock holds above prior close

AT&T stock was trading at EUR 21.92 at Lang & Schwarz on October 8, 2026 at 4:43 p.m. CEST, plus 0.37 percent versus the Lang & Schwarz prior close of EUR 21.84. The primary listing is on the NYSE, where AT&T's quote was USD 24.61 at 2:55 p.m. UTC on October 8, 2026, with a 52-week range of USD 19.89 to USD 29.44 and market capitalization of USD 168.6 billion. The further course of trading is shown by the continuously updated real-time quote of AT&T stock.