Google Fiber Has Plans To Acquire Gigabit Internet Provider Webpass Soon
Webpass, an Internet service provider in San Francisco is going to be acquired by Google Fiber soon. The news was announced in the afternoon yesterday. This exhibits how the fiber internet service of Google has got a now got a firm footed commercial provider of gigabit internet that will ease its expansion into such services.
Google Fiber is going to acquire internet provider Webpass very soon
Webpass was founded back in 2003 with the primary agenda to provide businesses with the fiber connections based on Ethernet. It also provides residential gigabit internet to select markets for buildings that were built after the year 1995. As of now Webpass is competitve in five markets of US which include San Francisco Bay Area, San Diego, Chicago, Boston, and Miami respectively. Webpass has got a good customer base of more than 20,000 customers.
"By joining forces, we can accelerate the deployment of super-fast internet connections for customers across the US," wrote Webpass founder and president Charles Barr. "Webpass will remain focused on rapid deployment of high speed Internet connections for residential and commercial buildings, primarily using point to point wireless."
As per reports the deal is going to close this September end. But in the end it’s all based on the relevant approvals by regulatory authorities. The price that Google Fiber is willing to pay for the acquisition was also not revealed. If we critically analyze the situation, the deal will help Google Fiber with the bay area roll out but it. It will also provide the company a competitive edge over other companies in large building areas in the urban market.
Google Fiber which is a subsidiary of Google’s parent company Alphabet made an announcement in February. The announcement was regarding plans to make San Francisco the next largest target market for the company. Webpass is therefore a very suitable option for acquisition because it has already done such work since it was found. The acquisition will definitely lend Google Fiber a big helping hand in the long run.
Stay in the loop
GET A DAILY DIGEST OF LATEST TECHNOLOGY NEWS
Straight to your inbox
Subscribe to our newsletter