uploads///Tel Google Fiber Plans

Phoenix Approves Google Fiber License Agreement

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Google Fiber in Phoenix

In the earlier parts of this series, we looked at the single- and multi-gigabit Internet offerings of major Internet service providers, including AT&T (T), Verizon (VZ), and Comcast (CMCSA). Now we’ll look at an update for Google (GOOGL) (GOOG) Fiber.

According to an announcement made by Phoenix City Council on September 3, 2015, “Today, the Phoenix City Council unanimously approved issuing a license to Google Fiber Arizona, LLC to provide high speed broadband Internet and television services.”

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The announcement went on to say, “The license grants Google Fiber the authority to use city streets and rights-of-way to provide cable television and Internet services within Phoenix,” Google has committed to remit a license fee of 5% of gross cable television revenues in exchange for this authority and access.

About Google Fiber

Google Fiber is a high-speed Internet service with a maximum speed of 1 Gbps (gigabit per second). Google Fiber also provides a television service, Google Fiber TV. Google Fiber service is available for both small businesses as well as consumers.

Taking a look at the Netflix ISP Speed Index, Google Fiber provided the fastest Internet speeds among US ISPs (Internet Service Providers) in July 2015. Google Fiber, a relatively small ISP according to the index, achieved an average speed of 3.82 Mbps (megabits per second).

You can take a diversified exposure to Google by investing in the PowerShares QQQ ETF (QQQ). This ETF held ~8.1% in the company on August 31, 2015.

Alternatively, you may choose to take a more diversified exposure to Google by investing in the SPDR S&P 500 ETF (SPY). This ETF held ~2.1% in the company on the same date.

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