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Google Divests Fiber Business: GFiber Merges with Astound, Retains Minority Stake
16 hour ago /
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Author：小编
Google announced that its fiber internet division, GFiber, will merge with Astound Broadband to form an independent provider, with Google retaining a minority stake. According to a press release issued by Google on Wednesday, the new company will be controlled by Stonepeak and led by GFiber's existing management team, leveraging their expertise in high-speed fiber innovation to manage the combined network. The transaction is expected to close in the fourth quarter.
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