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Alphabet/Google's spending on Google Fiber will be scaled back dramatically, due to high costs and the company falling far short of its 5 million subscriber target (there are around 200,000 customers instead):
[The Information] also reports that CEO Larry Page has demanded that Fiber "reduce the current cost of bringing Google Fiber to customers' homes to one-tenth the current level" That should be interesting. Google Fiber will be scaled back to just 500 employees, half its current staffing.
But wait. Wasn't Google "killing any doubts about its national ISP intentions" just two months ago? Sort of. From now on, Google will focus on selective wireless, rather than wireline infrastructure. It's a lot cheaper. The San Jose Mercury was the first to report the scale-back a fortnight ago.
Also at The Information (paywalled), USA Today, eWeek, and Salon. Ars Technica also has an article about Google Fiber doing battle with AT&T over access to utility poles.
(Score: 2) by LoRdTAW on Monday August 29 2016, @11:42AM
To bring cheap 100+ Mbit fiber internet to homes for streaming. It's about streaming.
By the time Google got the project rolling, the cable co's were already upgrading peoples connection speeds and lowering prices on 100+Mbit speeds. I live in NYC and Verizon Fios upgraded me from 15->25->50Mbits without me asking or charging more over the past two years. Though once my rate lock in expires, I'm dropping TV like a hot potato.