GFiber is Merging With Astound Broadband, Likely Expanding to More Areas

GFiber, the rebranded entity formerly known as Google Fiber, is merging with another internet provider. It will expand its fiber service to new areas, the company said. The new independent broadband provider will still called be GFiber. It will merge with New Jersey-based Astound Broadband, with Google parent company Alphabet holding a minority stake in the internet provider. The investment firm Stonepeak, which owns Astound, will be the majority owner.

In its announcement of the merger, GFiber said its executives will lead the internet provider and that it plans to expand the areas its gigabit fiber internet service reaches. Although specific expansion areas were not provided, it's likely from the language of GFiber's announcement that it could offer fiber internet services in the future ...