Home / Business and Economy / Google and Radiate in Fiber Joint Venture Talks
Google and Radiate in Fiber Joint Venture Talks
17 Jan
Summary
- Google's GFiber and Radiate's fiber assets may form a joint venture.
- The proposed venture aims to meet soaring demand for high-speed connectivity.
- Stonepeak-backed Radiate would hold a majority stake in the new entity.
Alphabet Inc.'s Google is currently in negotiations with Radiate, a broadband operator supported by Stonepeak Partners, to form a significant joint venture. This proposed entity would consolidate the fiber assets of both companies, responding to the rapidly increasing demand for robust, high-speed connectivity essential for emerging technologies.
The collaborative effort aims to integrate GFiber, Google's existing fiber optic internet service, with Radiate's operations, also recognized as Astound. This integration is anticipated to enhance service capabilities and reach, capitalizing on the current digital infrastructure boom.
According to sources close to the matter, Stonepeak would command a majority ownership in the new venture, while Google would hold a minority interest. These discussions highlight a strategic alignment to leverage combined resources in a market driven by data-intensive applications like artificial intelligence.
