Thirty-four cities meet a key Google Fiber deadline.
That according to Alistair Barr writing for The WSJ.D:
Barr says Fiber is complicated:
“Among other things, Google needs to buy or lease land for its Fiber huts, which are larger than 1,000 square feet, and finalize those license agreements with several cities. It’s seeking to streamline permitting processes for thousands of permit applications. And it needs video-franchise agreements with the city or state, giving it permission to build a local network.”
Investors watch closely:
“The complicated process has sparked concern on Wall Street that Google may spend too much on Fiber and generate small returns on the investment.”
Google’s stock has drifted lower since an unusual stock split in April.
Proof that Google Fiber is not a good investment?
The market will weigh in over time.
Google’s got time … and capital.