AT&T to build broadband services outside its current markets, WSJ reports

AT&T (T) said it would launch broadband services in states it doesn’t currently serve by forming a joint venture with BlackRock (BLK) to fund the rollout of fiber-optic networks in new markets, The Wall Street Journal’s Will Feuer reports. The Dallas-based telecom company said it would form a venture with BlackRock Alternatives called Gigapower to reach an initial 1.5 million customer locations across the U.S., the author notes. The companies didn’t disclose the financial terms of the deal or the states they would seek to serve. Reference Link