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Stonepeak to become majority shareholder in new venture combining GFiber and Astound Broadband; Alphabet to retain minority stake

MOUNTAIN VIEW, CA, and NEW YORK, NY — March 11, 2026 — GFiber (formerly Google Fiber) and Stonepeak today announced that they have entered an agreement to combine GFiber with Astound Broadband, creating a leading independent fiber provider. The new company will be majority owned by Stonepeak, an investment firm specializing in infrastructure and real assets. Alphabet will remain a significant minority shareholder, reflecting its confidence in GFiber’s growth opportunity and leadership.

Vegas is officially a GFiber city! We’re celebrating our first connections and the opening of our new local office. Whether you need the simple reliability of Core 1 Gig or the limit-pushing power of Edge 8 Gig, we’re here to help you internet your way.

What happens in Vegas stays in Vegas—unless it’s 8 Gig internet. Then, it travels at the speed of light.

When GFiber first brought gigabit speed to Kansas City in 2012, we didn’t just offer a faster internet connection; we established a new benchmark for what you should expect from your internet service provider. 

Today, we’re doing it again. We’re thrilled to announce that Des Moines is officially our first market where multi-gig internet is the standard, and we’re rolling it out to customers at the same prices we’ve always had (in fact, some customers will be paying less per month!). At the same time, we are also leveling up our highest speed  products to Wi-Fi 7, our most powerful Wi-Fi ever. This isn't just about more speed; it’s about continuing to create and add value, not just for the newest customers, but those that have always had GFiber. In fact, many of our existing customers woke up this morning to up to 3x higher speeds for the same price they’ve been paying, without having to do anything (and with just a click of the button on our side).

More speed. Same price.

At GFiber, we take immense pride in knowing our customers love … not like … LOVE their GFiber service. We’re in this relationship for the long haul and we know that to keep love like that going we have to keep investing in our relationship—surprising, delighting, and growing to flex and meet changing needs. So, starting with Des Moines, we’re leveling up our lifestyle products without changing the prices:

• Core 1 Gig becomes Core 3 Gig ($70/month): 3x the symmetrical speed of our original internet and still the same price since 2012.

• Home 3 Gig becomes Home 5 Gig ($100/month): Two more gigs of symmetrical speed plus the GFiber Multi-Gig Wi-Fi 7 Router with our best Wi-Fi ever.

• Edge 8 Gig ($150/month): Multi-gig gets supercharged with the new GFiber Multi-Gig Wi-Fi 7 Router. 

Additionally, the debut of these Home 5 Gig and Edge 8 Gig products come with the new GFiber Multi-Gig Wi-Fi 7 Router included so you can take advantage of the smartest traffic handling, best security, and multi-gig speeds even over wireless throughout your home. This isn’t an add-on; it’s GFiber’s new standard with a 10 Gig port plus three additional multi-gig ports, it’s built to handle more devices simultaneously —  imagine wired speed and quality without the wires.

2025 has been a big year for us in North Carolina, and we’re closing the year out with a bang. GFiber is coming to Wake Forest! The town has approved an agreement paving the way for construction, and we can’t wait to get residents connected to America’s most celebrated internet.

This announcement comes on the heels of launching service in Holly Springs over the summer. Response has been amazing, and we expect to complete our construction in Holly Springs next year. We’ve loved being part of this community so far and we’re continuing to invest here, in Wake Forest and surrounding communities.

When we launched our 20 Gig early access program, we set an audacious goal to break the 10 Gig barrier that limits existing broadband architectures. Today, we’re announcing a significant milestone in that journey: our latest 20 Gig installation of our new hardware, and a giant leap forward in delivering the network that leaves the status quo behind.

At GFiber, our mission goes beyond delivering fast, reliable internet. This Giving Tuesday, GFiber is celebrating our local partners and the impactful work we’re doing together to close the digital divide. The digital divide is more than just a lack of access to a connection; it's a gap in education, job opportunities, and essential services. 

This Giving Tuesday, generosity can go further in key markets thanks to our community matching gift initiatives.