BlackRock Global Energy & Power Infrastructure Fund III invested in GigaPower, a joint venture with AT&T to build a fiber network in the United States.

BlackRock Global Energy & Power Infrastructure Fund III is a closed-end fund managed by BlackRock, focused on investing in essential energy and power infrastructure assets globally. The fund targets assets with stable, long-term cash flows, including renewables, energy storage, transmission, and certain digital infrastructure assets that support the energy transition. It seeks to provide investors with attractive risk-adjusted returns through a diversified portfolio.

AT&T is a telecommunications company that provides mobile telephone, broadband, and digital television services. They are involved in the infrastructure industry through the deployment and maintenance of their network infrastructure.