Dow Jones hits 23,000 as melt up continues >>> READ MORE

Ultra-Fast Google Fiber Expands Into Austin

It offers Internet service 1,000 times faster than rivals


optical_fiber_630_flickrAustin, 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 Play Infested With Porn Apps, One-Click Fraud
Google Play Infested With Porn Apps, One-Click Fraud

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.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC