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Stonepeak to become majority shareholder in new venture combining GFiber and Astound Broadband; Alphabet to retain minority stake
Mountain View, CA, and New York, NY, March 11, 2026 (GLOBE NEWSWIRE) — GFiber (formerly Google Fiber) and Stonepeak today announced that they have entered an agreement to combine GFiber with Astound Broadband, creating a leading independent fiber provider. The new company will be majority owned by Stonepeak, an investment firm specializing in infrastructure and real assets. Alphabet will remain a significant minority shareholder, reflecting its confidence in GFiber’s growth opportunity and leadership.
The combined business will be led by the existing GFiber executive team, utilizing their expertise in high-speed fiber innovation to manage the combined network footprint. The combination of GFiber’s high-growth metropolitan networks with Astound’s established infrastructure, team and capabilities creates a highly complementary, national network platform.
This agreement advances GFiber’s mission of redefining internet connectivity and represents a major step toward its goal of operational and financial independence. GFiber will have the external capital and strategic focus needed to accelerate its next phase of growth, expanding its customer-first approach and pioneering fiber technology across the country.
“Building on GFiber’s success as a leading independent US fiber internet provider, this is an exciting next phase of their growth,” said Ruth Porat, President & Chief Investment Officer, Alphabet and Google. “GFiber will now have the opportunity to provide better internet access to more communities across the country as they combine with Stonepeak’s Astound business, while continuing to provide their award winning customer experience.”
“GFiber has always been about pushing the boundaries of what’s possible for internet speed and service,” said Dinni Jain, GFiber CEO. “This partnership with Astound and Stonepeak is the next step in our decade-long mission to redefine what customers can expect from their internet provider. It’s a strategic opportunity to scale our customer-focused approach to connect more households to a truly different type of internet service.”
“We are excited to be working with GFiber and Alphabet on this transaction,” said Andrew Thomas, Senior Managing Director at Stonepeak. “This partnership will be transformational for the businesses, with GFiber and Astound’s complementary networks and extraordinary teams enabling the combined company to better serve millions of customers and the demand for a next generation network and ubiquitous connectivity. Stonepeak has a strong track record of building world-class digital infrastructure and we look forward to supporting the company with Alphabet as a co-investor.”
The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in Q4 of this year.
Multi-site collaboration bridges digital divide and expands access to literacy resources, STEAM education, and job-readiness tools for thousands of residents.
Lehigh Valley, P.A. (March 4, 2026) — Astound, a recognized leader in WiFi, mobile, TV, and fiber-optic solutions, announced a $300,000 investment in technology upgrades for local nonprofits across the Lehigh Valley, reinforcing its commitment to building connected, future-ready communities. This initiative complements Astound’s ongoing $81 million network enhancements designed to deliver faster, more reliable connectivity throughout the region.
As Astound continues to upgrade its fiber-powered network, the company is partnering with trusted organizations to strengthen local neighborhoods and expand digital access. Their investment will revitalize community technology spaces—equipping nearly 240,000 residents and business owners with updated devices and connectivity to support life-long learning, career growth, and community engagement.
“We believe access to modern technology is essential for life, career, and academic demands,” said Clyde Lee III, Vice President of Sales. “These upgrades will help eliminate barriers and create pathways for our future leaders and changemakers. We’re committed to making a real difference in the communities we live and serve.”
Organizations benefiting from these investments include:
Allentown Public Library
Bethlehem Area Public Library – Main & South Branches
Memorial Library of Nazareth & Vicinity
Boys & Girls Club of Allentown
Boys & Girls Club of Bethlehem
Boys & Girls Club of Easton
“We are grateful that Astound recognizes the vital role that libraries play in providing technology and learning materials to their communities,” said Renee Haines, Director of the Allentown Public Library. “This expansion to our current resources will help us meet the evolving needs of our community and ensure all users have the opportunity to access 21st-Century tools and programs.”
To learn more about our local partners, click here.
Details on specific upgrades will be announced at a later time and will happen throughout 2026.
For more information about Astound’s ongoing network upgrades in the Lehigh Valley, visit astound.com/network.
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About Astound
Astound (astound.com) is a trusted provider of internet, Wi-Fi, mobile, TV services, landline phone and fiber-optic solutions, known for innovation, reliability, and award-winning customer care. With a focus on flexibility, value, and community, Astound delivers modern connectivity solutions to both residential and business customers designed for how people live and work today. Astound serves Eastern Pennsylvania, Texas, Chicago, Indiana, Massachusetts, New York City, Maryland, Washington, D.C., and regions throughout California, Oregon, and Washington.
Price for Life Is Now Live — $40 1 Gig WiFi or $60 1.5 Gig WiFi, Locked In for Life
Princeton, N.J. (February 17, 2026) — Price for Life is back. Astound, a recognized leader in WiFi, mobile, TV, and fiber-optic solutions, today announced the return of its Price for Life promotions, delivering simple, predictable pricing on fast, reliable internet.
Two compelling options are now available, giving eligible new customers the choice of $40 for 1 Gig WiFi or $60 for 1.5 Gig— both locked in for life. The 1.5 Gig Price for Life offer includes a $200 gift card, while the 1 Gig Price for Life offer includes a $100 gift card, along with wall‑to‑wall WiFi. Both offers include eero with no contracts, and no equipment fees.
Faster speed options are available up to 5 Gig, allowing eligible new customers to take advantage of additional perks, including applicable gift cards, free installation, one free unlimited mobile line, and more. Price for Life offers provide a simple, predictable pricing option from a trusted, award‑winning provider, giving customers confidence that their rate will not increase over time.
“By bringing back our Price for Life offers, we’re focused on making internet service simple and predictable,” said Toni Murphy, Chief Operating Officer at Astound. “Customers want fast speeds, straightforward pricing, and confidence that their rate won’t change. Price for Life delivers long‑term value while reinforcing our commitment to transparency and customer choice. And as part of our ongoing commitment to customer value, existing Astound customers have access to competitive loyalty offers designed to reward their continued relationship with us”.
In addition to multi-Gig WiFi, further deals include a mobile device buyout offer, where customers switching to Astound’s mobile service with 2 or more mobile lines can be reimbursed up to $500 per device for the remaining amount they owe on that device with their current mobile carrier, up to 5 devices.
Deals are available in serviceable areas across the U.S. effective immediately and will run until further notice. For full details on latest offers and to access exclusive coupon codes, visit www.astound.com/special-offers.
About Astound
Astound (astound.com) is a trusted provider of internet, Wi-Fi, mobile, TV services, landline phone and fiber-optic solutions, known for innovation, reliability, and award-winning customer care. With a focus on flexibility, value, and community, Astound delivers modern connectivity solutions to both residential and business customers designed for how people live and work today. Astound serves Chicago, Indiana, Eastern Pennsylvania, Massachusetts, New York City, Maryland, Washington, D.C., Texas, and regions throughout California, Oregon, and Washington.
Tacoma, WA — In partnership with Pierce County, Astound will soon begin construction to expand the availability of high-speed internet to the Nisqually region. When construction is complete, more than 3,500 homes will gain access to broadband internet, offering symmetrical internet speeds of up to 5 gigabits per second. During the coming months, Astound will build 113 miles of infrastructure, including a mix of aerial and underground fiber construction.
Construction will take place in the following areas:
Along the Highway 702 corridor from the junction of Highway 507 (McKenna) to Highway 161 (Clear Lake), including main roads (Harts Lake Road South, Allen Road South, 8th Street South, Eatonville Cutoff Road, Jensen Road East) and smaller side streets within those areas.
Along the Highway 7 corridor from 304th Street East (Johnson’s Corner) south to Cranberry Lake, including main roads (340th Street East, Christensen Muck Road E, 320th Street East) and smaller side streets within those areas.
Residents in the above areas can expect to see lane impacts including certified flaggers and signage, shoulder closures, and traffic lane shifts. Please slow down through work areas and follow all posted signs and flaggers. Construction is expected to be completed later this year.
This project is a $13.3 million public-private partnership, with Pierce County contributing $7.97 million from federal American Rescue Plan Act (ARPA) funds and Astound covering the remaining $5.33 million.
The partnership is the latest in Pierce County’s initiative to facilitate broadband infrastructure expansion to underserved areas of Pierce County. This program combines County funding with broadband service providers to build infrastructure for the benefit and quality of life of residents and to enhance economic opportunities for local businesses.
About Pierce County
Nearly one million residents live in Pierce County, the second largest county in the state of Washington. Our mission is to build communities that feel safe, welcoming, and connected.
About Astound
Astound (astound.com) is a trusted provider of internet, Wi-Fi, mobile, TV services, landline phone and fiber-optic solutions, known for innovation, reliability, and award-winning customer care. With a focus on flexibility, value, and community, Astound delivers modern connectivity solutions to both residential and business customers designed for how people live and work today. Astound serves Chicago, Indiana, Eastern Pennsylvania, Massachusetts, New York City, Maryland, Washington, D.C., Texas, and regions throughout California, Oregon, and Washington.
Astound Broadband Media Contact:
Mark S. Peterson mark@pointerpr.com
206-390-0204
Astound Launches WiFi Network, Delivering High-Speed Internet to Davis, Area Communities
DAVIS, CA — Astound, a recognized leader in internet, WiFi, mobile, TV, and fiber-optic solutions, today announced the launch of a powerful new fixed wireless network to expand high-speed internet and WiFi access to more than 26,000 homes in Davis and nearby areas of Yolo and Placer Counties, effective immediately. This includes more than 2,000 homes in predominantly rural areas of the counties that have not had access to high-speed internet and WiFi service before. This marks Astound’s first service offering in the Davis market.
As of December 8, more than 26,000 homes in areas that include Davis, Penryn, Auburn, Newcastle, Lincoln, Granite Bay, and Roseville can access reliable internet and WiFi with speeds up to 500 megabits per second. Astound engineered its fixed wireless network specifically to overcome both the barriers of rural geography and poor legacy infrastructure in more urban areas. Unlike mobile-based or satellite options, it delivers fast, low-latency, professionally installed internet and WiFi that performs reliably in real-world conditions that involve such variables as dense trees, hills, or long distances from fiber hubs. This launch is part of Astound’s broader commitment to bridge the digital divide and deliver connectivity to communities that have long faced limited options.
Astound’s fixed wireless offering will quickly extend its internet and WiFi services to homes in areas without direct access to its physical fiber network, as well as provide another reliable option for areas that can access the traditional network. It delivers high-speed connectivity designed to seamlessly support video conferencing, streaming, online learning, remote work, and more digital experiences. Moreover, its deployment can occur in a matter of days, using existing towers or poles, as compared to timelines of months or longer that traditional fiber construction requires.
“Davis is a vibrant market, and this offering enables us to enter this community and others in Yolo and Placer counties by providing immediate access to fast and reliable connectivity at a strong value,” said Jared Sonne, Senior Vice President and General Manager, Astound West Region. “Fixed wireless offerings are ideal for areas in Northern California, whether growing suburbs or rural towns, which have long endured lack of choice and slow connectivity speeds. Here and throughout the West Coast, our goal is to deliver a dependable service that supports remote work, online learning, telehealth, and everyday digital life.”
Affordable & Accessible
Pricing is $40/month, 3-year price guarantee, Whole Home WiFi eero equipment included, unlimited data and no contracts. For qualifying households, Astound also offers affordable internet packages through its Internet First program — designed to support qualified families, seniors, students, and veterans.
Award-Winning Internet
Astound is recognized in the 2025 PCMag Readers’ Choice Awards for outperforming major national providers across 16 categories. For 11 years, customers have consistently rated Astound as the best cable Internet Service Provider (ISP) in the country. These rankings reflect the voices of real customers — PCMag readers who rated their experience on speed, service, value, and satisfaction.
This press release is not an offer. For more information about offers, availability, and to view our policies and disclaimers, visit astound.com and astound.com/policies-disclaimers.
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About Astound
Astound (astound.com) is a trusted provider of internet, Wi-Fi, mobile, TV services, landline phone and fiber-optic solutions, known for innovation, reliability, and award-winning customer care. With a focus on flexibility, value, and community, Astound delivers modern connectivity solutions to both residential and business customers designed for how people live and work today. Astound serves Chicago, Indiana, Eastern Pennsylvania, Massachusetts, New York City, Maryland, Washington, D.C., Texas, and regions throughout California, Oregon, and Washington.
