Google Fiber touts Kansas City presence amid speculation about sale

Google Fiber has a new boss, fewer headquarters employees and a future that’s becoming harder to predict.

The company aimed to reassure Kansas City customers Wednesday in its first market that the TV subscriptions and internet connections it sells won’t be going away.

This comes after Access, the company division that includes Google Fiber, hired Gregory McCray to oversee the sale of internet service in markets such as Kansas City and the company’s exploration into other ways to deliver online connections besides fiber optic cables.

Reports in The Information, Fortune and other publications in the tech trade press have explored the likelihood of whether Alphabet — the parent company to Google’s search division that has created hundreds of billions in stock value — would sell Google Fiber.

A source who asked to be described as “familiar with the matter” said the company has no plans to sell. In an October 2016 earnings call, Alphabet chief financial officer Ruth Porat was asked about the company’s commitment to Google Fiber.

“There’s a sizable opportunity given the need for abundant connectivity … and we do continue to be committed to that vision,” she said.

Analysts see a sale as at least plausible.

Read more: Kansas City Star

Tags:, , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students