Story perspectives

Astound and GFiber Merge to Challenge Comcast, AT&T

3/13/2026

Summary

Story summary

Astound Broadband and GFiber will merge to form an independent internet provider, with Stonepeak holding a majority stake and Alphabet retaining a minority stake.
GFiber's growth potential will complement Astound's established network.
The new company will be led by GFiber's existing management team.
The deal reflects a broadband trend as the merged company competes with Comcast and AT&T, with closing expected later this year pending regulatory approvals.

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Story summary

Astound Broadband and GFiber will merge to form an independent internet provider, with Stonepeak holding a majority stake and Alphabet retaining a minority stake.
GFiber's growth potential will complement Astound's established network.
The new company will be led by GFiber's existing management team.
The deal reflects a broadband trend as the merged company competes with Comcast and AT&T, with closing expected later this year pending regulatory approvals.