Alphabet Transfers Majority Stake in Fiber Optic Subsidiary GFiber, Retains Minority InterestAlphabet, the parent company of Google, has announced the transfer of its majority shares in its fiber optic division, GFiber (formerly Google Fiber), to an investment firm. The restructuring involves merging GFiber with Astound Broadband, a US-based internet provider, with the new entity to be led by GFiber's existing management team. GFiber began as an ambitious Google project in 2010, aiming to build high-speed fiber optic networks in select US cities. By maintaining a minority interest, Alphabet signals continued confidence in the long-term potential of fiber optic networks, while entrusting the operational direction to the new combined entity. The US fiber optic market has seen increased competition and demand for high-speed connectivity, especially as remote work and digital services continue to proliferate.

Source: The Munich Eye March 12, 2026 21:17 UTC