AT&T to create managed cybersecurity joint venture

AT&T Inc. T plans to create a standalone managed cybersecurity services joint venture, the company said Friday. WillJam Ventures, a Chicago-based investor, has agreed to make a capital investment in the new business. “At close, the new cybersecurity joint venture will hold select security software solutions, associated managed security operations and security consulting resources,” AT&T said in a release. The company intends to keep an ownership stake and board representation in the new joint venture. AT&T expects the transaction to close in the first quarter of 2024 and didn’t announce further terms of it.

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