Google Fiber Threat to Cable Is ‘Like Ebola,’ Analyst Says
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Google Inc.’s foray into high-speed Internet and TV-service has signed up an “incredibly small” number of customers and isn’t a threat to cable and satellite investors, according to MoffettNathanson analyst Craig Moffett.
Google Fiber, which started in 2012, has 27,000 video subscribers combined in Kansas City, Kansas, and Kansas City, Missouri, and less than 3,000 in the other cities, according to U.S. Copyright Office data collected by MoffettNathanson. The service originated in Kansas City and expanded to Provo, Utah, and later Palo Alto, California.