Google Fiber rebrands to GFiber, ahead of Astound merger
Google has decided to adopt the nickname ahead of Astound fiber merger
Google has decided to adopt the nickname ahead of Astound fiber merger
Brandt will oversee Astound's merger with Google Fiber
Google's parent company, Alphabet, to remain a minority shareholder
The deal is expected to close in the second quarter of this year
The company is on course to reach 340,000 locations by the end of the year
Investment firms coming for the Kiwi telco’s assets
The new entity will own more than 3,300 towers
The recapitalization was led by Stonepeak, as company seeks to connect more data centers
The long-term infrastructure financing solution provides total debt facilities of €1.26 billion ($1.35bn)
Money to fund more cable landing stations and increased data center capacity on island
Stonepeak snaps up a 49 percent stake
ATC reportedly values the unit at $4bn
First phase of 20MW facility due live in Q1 2025
The deal is expected to conclude in the first half of 2023
Philippines-based telco provider is selling the towers to fund network expansion and service debts