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56 GFiber and Astound Broadband To Join Forces

Slashdot
BeauHD @ Slashdot 1 place · today 03:00 EDT

GFiber and Astound Broadband To Join Forces

GFiber (a.k.a. Google Fiber) and Astound Broadband announced that they plan to merge into a deal backed by infrastructure investor Stonepeak Infrastructure Partners. The resulting company will be majority owned by Stonepeak, with Alphabet becoming a "significant minority shareholder." Light Reading reports: Stonepeak Infrastructure Partners teamed with Patriot Media to acquire Astound in November 2020 for $8.1 billion. Stonepeak is Astound's largest investor. The deal is expected to close in the fourth quar

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