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.

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

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