Google Experiments With Broadband Biz
NEW YORK (
) --
(GOOG) - Get Free Report
, in another move apparently meant to expand its presence into the lives of all human beings, looks set to experiment with a venture in the broadband business.
Google, on a blog, annouced that it plans to build and test ultra high-speed broadband networks in a small number of trial locations across the United States.
"We'll deliver Internet speeds more than 100 times faster than what most Americans have access to today with 1 gigabit-per-second, fiber-to-the-home connections," Google writes.
Google says it plans to offer the service at a competitive price to at least 50,000 -- and potentially up to 500,000 -- people.
Google says its goal is to experiment with new ways to help make Internet access better and faster for everyone.
Of course, improving high-speed Internet access for everyone would also be highly beneficial to Google's search engine-driven business.
In Wednesday trading, Google stock has edged lower to $534, down 0.4%. Arch rival
Yahoo!
(YHOO)
has dipped 1.8% to $14.80.
Meanwhile,
Baidu
(BIDU) - Get Free Report
has shot up 9.2% to $475.20, while
AOL
(AOL)
has slipped 0.6% to $23.90.
-- Reported by Andrea Tse in New York
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