Tuesday, February 02, 2016

Google's Most Expensive Moonshot? Laying Internet Cables - Bloomberg Business

Digging into "other bets"

"Those hoping to see Alphabets’s fantastical businesses stacked up against one another were disappointed. The company didn’t break out how its smart thermostat business or life extension efforts did. It said, however, that the Other Bet it had spent the most capital on was Google Fiber, its high-speed broadband service. Apparently it really is expensive to bring really fast Internet to Kansas City.

The amount Alphabet spends on the project will continue to rise quickly, because every new city it enters requires its own set of tubes. Capital spending on Other Bets was $869 million last year, about 9 percent of total capital spending."
Google's Most Expensive Moonshot? Laying Internet Cables - Bloomberg Business
Post a Comment