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Story summary
- GFiber (formerly Google Fiber) is being sold to private equity firm Stonepeak and merged with Astound Broadband to form a larger Internet service provider, with Alphabet Inc. retaining a minority stake and leveraging GFiber's metropolitan networks and Astound's infrastructure.
- The merger is subject to regulatory approvals and is expected to close in Q4 2026.
- Alphabet's President expressed confidence in GFiber's growth potential, and Stonepeak will support the venture alongside Alphabet.
