Google has announced that GFiber is merging with Astound Broadband, with Stonepeak becoming the majority owner while Alphabet retains a minority stake. The new combined business will be led by GFiber's executive team and operate as an independent provider. No financial terms were disclosed, but the merger aims to expand internet access to more communities across the United States.

Astound already serves over one million customers nationwide, and the merger will combine this customer base with GFiber's existing infrastructure. GFiber, formerly known as Google Fiber, has been operating for nearly 15 years and currently offers speeds up to 8Gbps on its $150/month Edge 8 Gig plan. A 20 Gig service was expected to exit early access later in 2026.

The fiber broadband service is part of Alphabet's 'Other Bets' portfolio, which includes Waymo, Verily, and Wing. This segment recorded an operating loss of $16.8 billion in 2025, according to CNBC. The deal with Stonepeak is subject to regulatory approval and is expected to close in Q4 of this year.