Four More Cities To Have Google Inc (GOOGL) Fiber

Google Fiber

Google Inc (NASDAQ:GOOGL) is preparing to expand its high-speed Fiber Internet service to more cities in the U.S. in the coming months. It usually takes the company several months to build Fiber networks for homes and businesses in the areas of target after announcing expansion plans there. The company considers its high-speed Internet connection as a serious business, but some analysts have cited that Google is simply out to put other providers under pressure.

Google Inc (NASDAQ:GOOGL) is expected to expand Fiber to Nashville, Tenn., Charlotte, N.C., Raleigh-Durham, N.C. and Atlanta. Early last year, Google disclosed that it was considering expansion to nine cities this year. The other cities where the company is expected to take Fiber include San Antonio, Texas and San Jose, California.

10 times faster than normal speeds

Google Fiber offers Internet speeds of up to one gigabit per second, which is about 10 times faster than the average Internet speeds in the U.S.

Fiber is already available in places such as Kansas City, where it first launched back in 2012. Google charges $80 per month for the gigabit service. The company also offers Internet plus cable-TV package for $120 per month. Google Inc (NASDAQ:GOOGL) provides a slower version of the Fiber Internet free of charge after a customer meets a one-time construction charge.

According to some analysts, Google Inc (NASDAQ:GOOGL) is using Fiber to put pressure on other providers so that they upgrade their own networks. They also consider Fiber an expensive experiment by Google. However, Google has said that it is in the Internet business for profit.

Campaign for cheaper Internet

As a company that generates the bulk of its revenue from Internet Search, Google Inc (NASDAQ:GOOGL) desires to see all pockets of the world connected to reliable and affordable Internet. Therefore, in addition to its high-speed Fiber Internet project, the company also has another project known as Project Loon to take Internet to more places in the world. Project Loon uses low floating balloons expand Internet access.

Google Inc (NASDAQ:GOOGL) was also recently cited as considering a $1 billion investment in SpaceX, a company that plans to build space Internet. SpaceX hopes to invest $10 billion within the next five years on at $10 billion budget.

Neha Gupta

Neha Gupta has been in the financial space for over six years now. Gupta earned her MBA degree from Symbiosis Centre of Distance Learning in 2009 and her passion for finance led her to pursue Chartered Financial Analyst (CFA) course. She has successfully completed Level II of her CFA. She is a veteran in article writing, which is depicted in her numerous pieces published on SeekingAlpha, Nextiphonenews, InsiderMonkey, MarketWatch, and Techinsider. Her crisp and eloquent writing finds its best place in Researchcows, where emphasis is given on developing rich content for various websites, products, business plans, trainings, and book writing.

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