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Alphabet’s subsidiary GFiber is seeking external investment to expand its Wi-Fi and internet connectivity services across the United States, competing with major providers like Comcast and Verizon. Since its launch in 2012, GFiber has expanded to 15 states and aims to further grow its customer base with plans to enter over 25 additional cities.
GFiber’s move to seek external funding aligns with Alphabet’s strategy to focus on its Other Bets businesses, which include ventures like Verily and Waymo. To become independent from Alphabet, GFiber’s investment drive emphasizes the company’s commitment to scaling its operations and bridging the digital divide in underserved areas.
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