Google Fiber Goes West: Portland Likely the Next Google Fiber City
Google Fiber’s next city is likely Portland. The city counsel agreed to the deal, where Google (NASDAQ:GOOG) (NASDAQ:GOOGL) will invest likely about $300 million minimum in infrastructure for the city and some surrounding suburbs to enable the gigabyte speed connections. Two Portland suburbs have also approved the deal.
Google Fiber’s entry into the Pacific Northwest follows the successful installation of Google Fiber in Kansas City, Austin, and Provo. For a $300 one-time price, users will get to use the speedy connection. While that price is higher than many Internet users pay per month, the cost will break even and become cheaper over time. The city also waived a three percent “PEG fee” that the city charges fellow Internet service provider Comcast reported local media. In exchange Google Fiber has to set up public Wi-Fi hot spots and give free service to area non-profits.
Google Fiber is a radical spin on broadband Internet service. It is charging a one-time fee for what many Internet service providers charge a premium for on a monthly basis. Once it is installed it gets to compete with other service providers for customers who may be lured away from their current Internet companies by the promise of eliminating a monthly bill and getting faster Internet.