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GFiber, the rebranded entity formerly known as Google Fiber, has merged with another entity Internet provider. The company said it will expand fiber service to new areas. The new independent broadband provider will still be called GFiber. It will be combined with New Jersey-based Astound Broadband, with Alphabet, Google’s parent company, holding a minority stake in the internet provider. Investment firm Stonepeak, which owns Astound, will be the majority owner.
In it advertisement Following the merger, GFiber said its executives will lead the internet provider and that it plans to expand the areas it reaches with gigabit fiber internet service. Although no specific expansion areas were provided, it is likely from the language of GFiber’s announcement that it could offer fiber internet services in the future in places where Astound currently operates.
“GFiber will now have the opportunity to provide better internet access to more communities across the country as it combines with Stonepeak’s Astound business, while continuing to deliver our award-winning customer experience,” Ruth Porat, president and chief investment officer of Alphabet and Google, said in the announcement.
According to the GFiber website, its service is now offered in 19 states, primarily in metro areas. AT&T, one of GFiber’s main competitors, said this week it was investing 250 billion dollars Over the next five years, in part to expand wireless, fiber and satellite Internet infrastructure. It’s not clear if GFiber will expand the list of states where it offers service or if pricing and service plans will change at all. A GFiber representative did not immediately respond to a request for comment.
In our CNET ranking, GFiber Better classes For gigabit and multi-gigabit internet speed providers. In most of us Last review Of the service rolled out last fall, CNET cited fast speeds but limited availability and a lack of budget pricing options. GFiber said at the time that it was testing options to prioritize certain types of internet traffic, such as gaming, for low latency.