<2> GFiber and Astound Broadband To Join Forces in Major Deal
<3> Background on the Merger
GFiber, also known as Google Fiber, and Astound Broadband have announced their plan to merge into a deal backed by infrastructure investor Stonepeak Infrastructure Partners. The resulting company will be majority owned by Stonepeak, with Alphabet becoming a “significant minority shareholder.” This deal is expected to close in the fourth quarter of 2026, marking a significant milestone in the history of both companies.
<3> History of Astound Broadband
Light Reading reports that Stonepeak Infrastructure Partners teamed with Patriot Media to acquire Astound in November 2020 for $8.1 billion. Stonepeak is Astound’s largest investor, and this deal represents a major step in the company’s growth and development.
<3> Leadership and Growth Plans
The combined business will be led by the existing GFiber executive team, with CEO Dinni Jain at the helm. Jain, a former Time Warner Cable and Insight Communications exec, took the helm of what was then called Google Fiber in 2018. He has a clear vision for the company’s future, stating that the agreement advances GFiber’s mission of redefining internet connectivity and represents a major step