What is Google discussing with Radiate?

Google is in talks with Radiate to form a joint venture for their fiber assets.

Why is Google considering this fiber joint venture?

The venture is driven by soaring demand for high-speed connectivity due to AI and data-intensive applications.

Who would own the new fiber entity?

Stonepeak would likely hold a majority stake, with Google retaining a minority share.

Home / Business and Economy / Google and Radiate in Fiber Joint Venture Talks

Google and Radiate in Fiber Joint Venture Talks

17 Jan

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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.

Google and Radiate in Fiber Joint Venture Talks

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.