Google Fiber, Provo Seal the Deal

Google Fiber has closed its deal to acquire iProvo, an existing fiber network owned by the city of Provo, Utah, thus setting up a battle with incumbent carriers Comcast and CenturyLink.

"I'm happy to announce today that pencils are down and we've closed the deal on the network with Google," Provo Mayor John Curtis announced in a statement posted Monday. "Similar to purchasing a home, after both parties agreed to the details of the offer, it took a little while to iron out the last few things that needed to be addressed or clarified. That was all taken care of today and we're off and running." "Over the next few months, we’ll be working to upgrade our network in Provo to Google Fiber speeds that are up to 100x faster than basic broadband. We’ll have more information about how to get Google Fiber this fall," a Google Fiber spokeswoman said.