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Google Believes Its Fiber Investment Will Eventually Become a Moneymaker

10:31 am on May 31, 2013 (gmt 0)

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Google is in it to win it when it comes to building fiber broadband networks. Despite speculation to the contrary, Google sees its Google Fiber broadband business as a moneymaker, and not just an overpriced test network.

And it's very likely that the company will continue expanding the service into other cities willing to partner to keep costs down.

Speaking at the Fiber-to-the-Home Council meeting here late Wednesday, Milo Medin, vice president of access services for Google, told an audience of city planners, engineers, and city mayors that Google is not just building a testbed for new Google services in Kansas City with its Google Fiber project, but an actual business that the company hopes will one day be profitable.Google Believes Its Fiber Investment Will Eventually Become a Moneymaker [news.cnet.com]

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