Astound Broadband
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Google Sells Partial Fiber Stake, Becomes Minority Owner in Venture
Google Fiber is merging with Astound Broadband to form a new independent provider, primarily owned by Stonepeak. Google will retain a minority stake. This move aims to accelerate expansion and meet increasing demand for high-capacity network infrastructure, driven by AI and cloud services. GFiber, launched in 2010, faced challenges with nationwide deployment but now seeks to leverage Stonepeak’s investment expertise for growth.
