Google's GFiber Merges with Astound to Form Independent Broadband Provider
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 11 2026
0mins
Source: Newsfilter
- Formation of New Entity: Google's GFiber unit is merging with Astound Broadband to create an independent broadband provider, with Google remaining a minority shareholder, indicating its ongoing strategic involvement in the broadband market.
- Investment Firm Involvement: The new entity will be majority-owned by investment firm Stonepeak, highlighting its intent to invest in high-speed fiber innovation, which is expected to enhance market competitiveness and optimize resource allocation.
- Continuity in Leadership: The existing GFiber executive team will continue to lead the new company, leveraging their expertise in managing high-speed fiber networks to ensure quality and coverage of the combined network.
- Redefining Customer Expectations: GFiber CEO Dinni Jain stated that this partnership represents the next step in their decade-long mission to redefine what customers can expect from their internet provider, potentially raising industry service standards.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to fall
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 380.340
Low
305.00
Averages
374.25
High
400.00
Current: 380.340
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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