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00:02Google said its G-Fiber internet unit will combine with Astound Broadband to form an
00:07independent broadband provider, with Google retaining a minority stake, according to CNBC.
00:12Investment firm Stopeak will hold a majority ownership position,
00:15and the combined company will be led by the existing G-Fiber executive team.
00:20The transaction is expected to close in the fourth quarter.
00:23Google launched Google Fiber in 2010 and began gigabit speed service in Kansas City in 2012.
00:30before narrowing expansion to select markets.
00:32The new company plans to expand fiber infrastructure nationwide as demand rises for networks supporting
00:38cloud computing, streaming, and artificial intelligence services.
00:42G-Fiber currently sits within Google's Other Bets segment, which generated $1.54 billion in
00:48revenue in 2025 and recorded a $16.8 billion operating loss.
00:54For all things money, visit Benzinga.com.
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