Stonepeak and Alphabet to Combine GFiber and Astound Broadband
March 13, 2026
GFiber and Stonepeak announced an agreement to combine GFiber with Astound Broadband, creating a new independent U.S. fiber internet provider. The new entity will be majority owned by Stonepeak, with Alphabet retaining a significant minority stake, and the deal is expected to close in the fourth quarter following regulatory approvals.
- Buyers
- Stonepeak, Alphabet (Google)
- Targets
- GFiber, Astound Broadband
- Platforms
- GFiber
- Industry
- Infrastructure
- Location
- United States
- Transaction Type
- Buyout
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