mergers

GFiber and Astound to Combine

Investment firm Stonepeak will be the majority owner, with Alphabet retaining a ‘significant minority’ stake.

Jake Neenan

Mar 12, 2026 — 1 min read

Photo of Andrew Thomas, senior managing director at Stonepeak, from LinkedIn

WASHINGTON, March 12, 2026 – Google’s fiber unit is combining with cable broadband operator Astound Broadband.

The combined company would be majority owned by investment firm Stonepeak, which spent $8.1 billion to acquire Astound in 2020. Alphabet, Google’s parent company, would stay on as a “significant minority shareholder,” the companies said Wednesday.

The transaction is expected to close in the fourth quarter of 2026. The companies did not disclose the terms of the deal.

Post tagged in

mergers Astound Broadband GFiber Alphabet Stonepeak Dinni Jain Andrew Thomas New Street Research David Barden Vikash Harlalka

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