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Google gets approval from city council to buy iProvo fiber network for a massive $1

Provo City Council approves Google purchase of iProvo fiber network

| Business, Financial & Legal News | Posted: Apr 24, 2013 8:03 pm

The title doesn't have a typo; The Provo Municipal Council voted Tuesday in a unanimous decision to allow Google to acquire the iProvo fiber network for a total price of $1. Not only is Google getting a steal on the fiber network, the city has agreed to pay approximately $722,000 for equipment to use the gigabit network for government services and $500,000 to determine the exact locations of the buried fiber cables.

 

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Google will, in exchange, take ownership and control of the existing fiber network. They will provide free 5Mbps/1Mbps connections to all of Provo's residents for at least seven years. Additionally, Google will provide free gigabit connections to 25 different public institutions.

 

Provo, Utah will be the third Google Fiber city. "It gets back to our origins as a company...our customers cared about speed," said Google's director of community affairs.

NEWS SOURCES:Sltrib.com

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