The Dallas-based company is embarking on its biggest plan yet to pursue broadband customers outside its traditional 21-state local phone territory.
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.
AT&T and Morgan Stanley declined to comment. TMT Finance reported some of the details in late August. The rise of digital infrastructure investing has been swift in recent years, with alternative asset managers such as Brookfield Asset Management, KKR & Co. and Blackstone Inc. jockeying for assets.
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