Google to build ultra-fast broadband networks

Bloomberg News

Feb. 10, 2010, 11:35AM

Google Inc. is planning to build and test high-speed fiber-optic broadband networks in the U.S. as it aims to promote Internet software and services. The company, owner of the world’s most popular search engine, plans to offer the service at a “competitive price” to at least 50,000 people and potentially up to 500,000, Google said in a blog post today. The networks will be more than 100 times faster than most Americans get today with fiber connections, Google said. “Network providers are making real progress to expand and improve high-speed Internet access, but there’s still more to be done,” the company said in the blog. “We don’t think we have all the answers — but through our trial, we hope to make a meaningful contribution to the shared goal of delivering faster and better Internet for everyone.” Google has also urged the Federal Communications Commission to find new ways to promote high-speed Internet access. The company already provides a wireless network in Mountain View, California, where it’s based. Google is looking for communities that want to test high-speed networks and will collect responses until March 26. It will announce which areas have been chosen later this year. Google fell $3.64 to $532.80 at 11:54 a.m. New York time on the Nasdaq Stock Market. The shares had fallen 13 percent this year before today.

nancy@callnancyfurst.com