GFiber and Astound to Combine

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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