AT&T Is in Talks With Investors on Fiber Build-Out
AT&T is in discussions to create a joint venture that would invest billions of dollars on fiber-optic network expansion. 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. AT&T is embarking on its biggest plan yet to pursue broadband customers outside its traditional 21-state local phone territory.