Tech

Google just bought a high-speed internet company to help wire the US

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A technician gets cabling out of his truck to install Google Fiber in a residential home in Provo, Utah, on January 2, 2014.  George Frey/Reuters

Google Fiber, the high-speed internet-access business owned by Alphabet, has bought Webpass for an undisclosed sum.

The deal will help Google expand its service into dense, urban areas like apartment buildings with multiple units. Webpass, available in cities that are in the San Francisco Bay Area and four other cities, specializes in providing high-speed internet service in urban areas.

In a blog post announcing the deal, Webpass president Charles Barr said that the acquisition is expected to close this summer, subject to the standard regulatory approvals.

Google did not comment on the deal, but the company confirmed it in a tweet:

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Alexei Oreskovic is the Tech Features Editor for the Business section of Insider.  Based in San Francisco, Oreskovic has covered technology and business for more than 20 years at publications including TheStreet.com, the Industry Standard, and CNET. Before BI, he was a correspondent at Reuters for six years, where he was a finalist for the 2013 Gerald Loeb Award in the Breaking News category for coverage of the Facebook IPO.  As Insider's Tech Features Editor, Oreskovic has overseen groundbreaking investigative stories on Uber, Snapchat, Tesla, Facebook and Google. He was the editor on the Snapchat and Facebook stories that won the Sabew 2018 Larry Birger Young Business Journalist award for former BI reporter Alex Heath. Oreskovic has covered the booms and busts of the tech industry since the first dotcom bubble of the late 1990s, and has interviewed the industry's most important players including Mark Zuckerberg, Eric Schmidt, Sheryl Sandberg and Marissa Mayer. He has made frequent guest appearances on TV and radio, including CNBC and BBC World News.  Disclosure: Oreskovic has a direct family member who owns shares in Compass.