The Google Fiber network is set to arrive in Kansas City, KS. The company announced their new internet service via YouTube and on the Google Fiber website. It will arrive July 26th.
Google Fiber is a new high-speed internet service initiative. Back in February of 2010, Google announced their plans to offer internet speeds that are over 100 times faster than what’s currently offered in the United States. Since the initiative, over 1,100 communities responded to Google’s plan, and they responded to the one offered by Kansas City. Milo Medin, Google Vice President of Access Services, said in a statement from last year, “In selecting a city, our goal was to find a location where we could build efficiently, make an impact on the community and develop relationships with local government and community organizations. We’ve found this in Kansas City.”
The ACAP Strategic Fund's managers see a "significant scarcity of attractive asset allocation choices globally," but also a strong environment for fundamental stock picking. Q2 2021 hedge fund letters, conferences and more According to a copy of the fund's second-quarter investor update, which ValueWalk has been able to review, its managers currently hold a balanced Read More
So far there is no word on when, or if Google Fiber will expand to other parts of the country. In all honesty, I’m surprised that Google Inc (NASDAQ:GOOG) chose a metro area that’s not as populated as say San Francisco, or Phoenix. But it’s probably a good thing that Google wants to test out a new service in a city that everyone least expects. Unfortunately, we don’t have a lot of information right now, but that will hopefully change once Google introduces their new internet service.
This project could be one of Google’s most groundbreaking, as they are gearing up to compete with the likes of Comcast Xfinity, Cox, Charter, AT&T, Time Warner Cable,and other internet providers. If the fiber-optic internet service fails to be a success, will Google try out other avenues to provide internet? It’s too early to tell what will become of Google’s plans to conquer internet service providers, but it appears as if they’re ready to take the next step to taking over another source of revenue.
It’s going to get interesting to see how Google takes on the internet provider business. As one of the world’s largest tech companies, Google has already proven their success in many areas, including search, video, blogging, business, and mobile phones to a degree. This is certainly an ambitious move, and I know that it’s a big risk for them to try to branch out a little more, but I think the years of (hopefully strategic) planning will pay off in the long run. Obviously, they still probably have years to go before they can actually make their mark on the business of internet providers, but I think they will.