TechRadars article Google Fiber, the Internet company, is launching its Fiber service in Austin, Texas, and it is looking to make a splash there, too.
The company has reportedly secured an $80 million loan from a private equity firm and is expected to announce a $100 million investment in Austin soon.
Google Fiber is also building its own network of internet-connected homes, which could make Austin’s existing Google Fiber network even more attractive.
“Google Fiber has a very aggressive expansion strategy, but they are not focused on a specific metro area,” said Michael DeCarlo, a senior research analyst at the investment firm J.P. Morgan Chase & Co. “They want to get a bigger footprint in the United States and that means expanding beyond Austin.”
Austin already has an established fiber network with a handful of small companies.
Austin, Texas is the fifth most populated metro area in the country, according to the Census Bureau, and the area is home to Austin International Airport and several other major cities.
But Austin is the first city in Texas to roll out a Google Fiber service.
According to the Austin American-Statesman, Google Fiber is working with the city’s Department of Transportation, and city leaders have reportedly agreed to a $15-million investment for Google Fiber’s new network.
DeCarlo said the Google Fiber investment could potentially make Austin the second largest city in the US to get its own Google Fiber infrastructure.
In order to get Google Fiber up and running, Austin needs to raise $100M or more, according the Wall Street Journal.
If Austin raises the $100-million level, Google will provide the first of two fiber networks to its customers.
There are also plans to build a second network that could serve as the citys second home internet network.
“Austin has a huge population, and they’re not only the fastest growing city in America, but also the most populous,” DeCarla said.
“The question is, how do we get that population to take advantage of the internet?
The answer to that is to be aggressive in expanding its existing infrastructure.”
Google will offer its own services, including the Google Home TV app and Google Docs, in Austin.
It also plans on bringing Google Fiber services to other cities in the U.S., including New York City, San Francisco and Seattle.
This will help Google to compete with other providers that offer the same service.