AT&T CFO: Gigapower plan to chase BEAD funding

AT&T CFO Pascal Desroches said it's a safe bet that AT&T and BlackRock's joint venture—Gigapower—will tap into Broadband Equity, Access, and Deployment (BEAD) funding; but stressed the importance of targeting those funds in “areas that make sense for us.” Deroches said “We are not getting dollars for the sake of getting dollars. We want to make sure we can get an appropriate return on those.”