Broadband Breakfast Insight: We have no information on the veracity of this speculation, from last week’s Fortune, but it is clear that the broadband ecosystem is in the midst of coping with Google’s retrenchment from expansions in the fiber marketplace. ->
Why Google Might Be Getting Ready to Dump Its Fiber Internet Service, Fortune.com
Recent cutbacks and turbulence at Alphabet’s Google Fiber service are generating speculation about a possible sale or spin off of the business.
Now operating as part of the company Access in Alphabet’s “other bets” division, the fiber service has recently seen its CEO depart without being replaced, halted expansion in new cities, and laid off almost 10% of its staff.
On Thursday, that convergence of factors prompted speculation by the tech news web site The Information that Google is likely getting ready to dispose of the service, which was a pioneer in bringing gigabit Internet download speeds to consumers. Telecom operator CenturyLink—which is in the process of buying Level 3 Communications for $34 billion—is a “possible acquirer,” the web site said without citing a source.
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Source: Google Fiber Gigabit Internet Service Could Be Sold or Spun Off | Fortune.com
