GFiber combines with Astound Broadband to form new ISP company

Google parent company Alphabet maintains a minority stake in the new entity, but GFiber executives will lead it. Astound’s parent company, investment firm Stonepeak, will hold the majority stake.

Google parent company Alphabet has revealed that GFiber will merge with internet service provider Astound Broadband, which already serves more than a million customers in states including California, Illinois and Washington state.

GFiber, formerly Google Fiber, revealed the news in a blog postbut …



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