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Alphabet on the hunt for GFiber investors – report

Alphabet on the hunt for GFiber investors – report
lightreading.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lightreading.com Daily Mail and Mail on Sunday newspapers.

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Alphabet s GFiber Seeks External Investment to Expand Internet Access

Alphabet s GFiber Seeks External Investment to Expand Internet Access
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New yorkUnited statesRuth poratDinni jainInternet service providerVerizon communicationsChief investment officer

Alphabet is seeking outside investment for its GFiber internet business

Alphabet plans to seek external investment for GFiber, its business selling Wi-Fi and internet connectivity in parts of the United States, the company told Reuters on Monday, as it looks to ramp up its expansion to more cities. GFiber, owned by Google's parent company, competes with larger internet service providers including Comcast, Verizon Communications and AT&T. Since vowing 14 years ago that it would boost internet speeds 100-fold through fiber-optic cables, GFiber has expanded to 15 states starting with its 2012 launch in Kansas.

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Alphabet Is Reportedly Eyeing External Funding For GFiber Internet Expansion - Alphabet (NASDAQ:GOOG), Comcast (NASDAQ:CMCSA)

Alphabet aims to accelerate the growth of GFiber, a provider of Wi-Fi and internet services in certain U.S. regions.

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Alphabet is seeking outside investment for its GFiber internet business, ET Telecom

Alphabet: Since vowing 14 years ago that it would boost internet speeds 100-fold through fiber-optic cables, GFiber has expanded to 15 states starting with its 2012 launch in Kansas.

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