Google Fiber’s Video Subscriber Growth Surges

Google Begins Installing Ultrafast Broadband Network
Boxes of equipment needed to install Google Fiber broadband network sit on a couch at the home of customer Becki Sherwood in Kansas City, Kansas, U.S., on Tuesday, Nov. 27, 2012. Google Inc. will move a step closer to offering the fastest citywide Internet service in the U.S. tomorrow when it picks the first neighborhoods in Kansas City to get hooked into a new fiber-optic network. Photographer: Julie Denesha/Bloomberg via Getty Images
Photograph by Bloomberg via Getty Images

(Reuters) – Alphabet’s much-talked about high-speed internet service, Google Fiber, had 53,000 video subscribers as of December end, up 79% from a year earlier, brokerage MoffettNathanson said, citing numbers from the U.S. Copyright Office.

Google (GOOGL) has been expanding the service, which promises Internet speeds of up to 1,000 megabits per second, in several cities in the United States.

“If there is a surprise here, it is perhaps that the growth rate isn’t higher,” MoffettNathanson said.

“After all, there has been a steady stream of new cities announced, and they’ve now been at it for a long time in at least a handful of markets.”

The service is currently available in Atlanta, Austin, Charlotte, Kansas City, Nashville, Salt Lake City, San Antonio Provo, Utah, and Raleigh-Durham, North Carolina, according to the Google Fiber website.

Alphabet, formerly Google, said in December it would consider bringing the Fiber internet service to Los Angeles and Chicago.

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