Shares of Google were gaining 2.7% to $582.39.
According to The Information Google may want to offer wireless phone service in the cities where it offers Google Fiber, but may choose to carrier's existing networks and function as an MVNO. Google does have a history of building its own infrastructure when needed to keep costs low, however.
Such a service would give Google Fiber customers a chance to get more of their Internet connectivity through Google.
Google Fiber is currently only available in Kansas City; Provo, Utah; and Austin, Texas. Google plans to extend the service to nine more cities soon.
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TheStreet Ratings team rates GOOGLE INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate GOOGLE INC (GOOG) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."