google fiber news: Google Fiber predicts growth spurt in 5 states, largest since 2015

Google Fiber plans to bring its high-speed internet service to several cities in Arizona, Colorado, Idaho, Nebraska and Nevada over the next few years in its first major expansion since its inception as a unit. independent from Alphabet Inc in 2015.

In his first media interview since becoming chief executive of Google Fiber in February 2018, Dinni Jain told Reuters on Wednesday that his team was finally ready to “add some more building speed” after more than four years of refining operations.

The planned expansion to 22 metro areas across the United States starting 17 today includes previously announced projects to launch in Mesa, Arizona and Colorado Springs, Colorado. The choices were based on the company’s findings on speed delays.

“10 years ago, it felt like Google Fiber was trying to build the whole country,” Jain said. “What we’re doing here is, ‘No, we’re not trying to build the whole country.'”

Jain declined to comment on Fiber’s financial results or fundraising plans.

Some other Alphabet subsidiaries have raised outside funds to independently validate their worth, have been closed or taken over by other entities. Fiber could face similar choices as expansion materializes over the next three to five years.

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The growth plan comes as Alphabet and other companies slow hiring and shut down some fringe projects as concerns about a global recession mount.

“The intention is to build businesses that will be successful on their own and that’s what we try to do at Google Fiber,” Jain said. He added that the company could not rely on dipping into “a wealthy relative’s wallet”.

Google began cracking down on internet service stalwarts such as Comcast Corp and AT&T Inc in 2010 with co-founders Larry Page and Sergey Brin saying they were tired of waiting for Congress to drive the industry to faster speeds at lower cost.

The project worked. Competitors have been scrambling to match Google Fiber’s gigabit-per-second offerings in initial launch locations such as Austin, Texas, and even Los Angeles and other study regions.

“We were so paranoid,” Jain said of his previous role as Time

Chief Operating Officer of Cable.

But in 2015 Google separated its core business from other bets such as Fiber, delivery drones and anti-aging solutions. Brin and Page also yielded some forgetfulness.

Fiber had to cut its hundreds of millions of dollars in annual losses, which had gone into construction, experimenting with new ways to ground fiber optic cables and subsidizing some services.

While Wall Street encouraged cost control and transparency, fiber in recent years has minimized its expansion in West Des Moines, Iowa and existing metro areas. Jain perfected processes and ditched failed time-saving ideas like taping cables to sidewalks.

Last year he did more construction than previous years combined.

“We had to move from a terrific spirit and culture of innovation to a spirit of operational excellence,” Jain said.

The fiber retains a certain advantage in his eyes. Burying trenches that are shallower than others should save time, while streamlining prices and configuring to limit calls for help from customers should reduce costs.

Jain said customers contacted Fiber a third less than he had seen at similar businesses, and he described signups as “very healthy” and better than he expected before joining.

Fiber will continue to pursue wireless service, through its Webpass brand, for multi-unit buildings, Jain added. In some cases, it will lease local fiber networks from other providers.

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