Google in discussions with Radiate over fiber asset JV, Bloomberg reports

Alphabet’s (GOOGL) (GOOG) Google is in discussions with Radiate, a broadband operator backed by Stonepeak Partners, to establish a joint venture that would hold the companies’ fiber assets amid growing demand for high-speed connectivity as AI infrastructure grows, Bloomberg’s Reshmi Basu and Carmen Arroyo report. The new business would include Google’s GFiber internet service and Radiate’s Astound unit, the authors say, citing people familiar with the matter. Stonepeak would hold a majority of the entity while Google would own the remainder, the authors note.