by Christopher Freeburn | April 10, 2013 9:40 am
Austin, Texas, will be the next metropolitan area to get a taste of Google’s (NASDAQ:GOOG) vision for high-speed Internet connections.
The Internet search engine giant has already installed its new Google Fiber ultra-fast gigabit network in Kansas City, where 180 neighborhoods have been wired for the service. Google Fibre permits data transfer speeds 100 times faster than other broadband services, the Associated Press notes.
Google will have to construct local infrastructure for its broadband service in Austin, a potentially expensive proposition. Analysts estimate that if cost the company $84 million to connect 149,000 homes in Kansas City.
Company officials said that subscribers to the service, which will arrive in Austin homes in 2014, could expect to pay rates similar to those paid by Kansas City residents. That would mean about $70 a month.
In addition to ultra-fast Internet service, Google Fiber can carry cable programming, though not all channels are available on the system. TV service costs another $50 per month in Kansas City.
Shares of Google rose fractionally in Wednesday morning trading.
Source URL: http://investorplace.com/2013/04/ultra-fast-google-fiber-expands-into-austin/
Short URL: http://invstplc.com/1nxaIcZ
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.