Google today announced plans to temporarily cut back on plans to roll out Google Fiber gigabit internet in 11 U.S. cities.Also Craig Barrett, chief executive of Access, a subsidiary of Google parent company Alphabet that includes the Fiber initiative, is stepping down.
Barrett announced the changes in a blog post.The potential Fiber cities affected are Chicago, Dallas, Jacksonville, Los Angeles, Louisville, Nashville, Phoenix, Portland, San Diego, San Jose, and Tampa.Barrett said that the number of subscribers and the amount of revenue for Access has been growing.
But now Alphabet wants to stay ahead of the curve, hence changes.
We have refined our plan going forward to achieve these objectives, Barrett wrote in the blog post.
It entails us making changes to focus our business and product strategy.
Importantly, the plan enhances our focus on new technology and deployment methods to make superfast Internet more abundant than it is today.