Google Fiber to Launch in Provo, Utah

by Christopher Freeburn | April 18, 2013 10:26 am

optical fiber 630 flickr 300x199 Google Fiber to Launch in Provo, Utah[1]On Wednesday, Google (NASDAQ:GOOG[2]) named the next city to receive its super-fast Interent service[3].

Provo, Utah, will join Austin, Texas, and Kansas City, Kansas, which were tapped by the Internet search giant for wiring with the gigabit-capable fiber-optic network. Google Fiber promises data transmission speeds 1,000 times greater than conventional broadband services from other telecommunications providers, the Washington Post noted.

To build the optical fiber infrastructure in Provo, Google has acquired iProvo, which was established to connect Provo residents to high-speed broadband service in 2004. The city had put iProvo up for sale in 2011.

Other Internet service providers have moved to match Google’s new service. In Austin, AT&T (NYSE:T[4]) has promised to build a high-speed network in the city, if officials there will ease regulations as they did for Google. Time Warner Cable (NYSE:TWC[5]) has begun providing higher speed service in Kansas City in a bid to match Google Fiber’s offering.

Under its deal with the city, Google will provide Provo residents with a slower, but free Internet service, in exchange for a $30 activation fee. 25 public facilities in Provo will also receive free gigabit service.

Google’s gigabit service is expected to launch in Austin next year[6].

Shares of Google fell more than 1% in Thursday morning trading.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/06/optical_fiber_630_flickr.jpg
  2. GOOG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GOOG
  3. to receive its super-fast Interent service: http://www.washingtonpost.com/business/technology/google-fiber-headed-to-provo-utah/2013/04/17/45a5bfb4-a797-11e2-8302-3c7e0ea97057_story.html
  4. T: http://studio-5.financialcontent.com/investplace/quote?Symbol=T
  5. TWC: http://studio-5.financialcontent.com/investplace/quote?Symbol=TWC
  6. expected to launch in Austin next year: http://investorplace.com/2013/04/ultra-fast-google-fiber-expands-into-austin/

Source URL: http://investorplace.com/2013/04/google-fiber-to-launch-in-provo-utah/
Short URL: http://invstplc.com/1ftDIyb