Google Fiber expands with acquisition of Webpass

Google Fiber is expanding. The company is buying Webpass, a small internet service provider. Webpass offers high-speed fiber internet to a number of cities, including Boston, Chicago, Miami, and San Francisco. Webpass says it has tens of thousands of customers. The deal is expected to close in the summer assuming it gets Approved by regulators, how much Google Fiber paid is not known. What past services businesses and apartment complexes. These are areas where Google Fiber wants to gain a foothold. Webpass also has a wireless component that can be very useful for future expansions. The introduction of Google fiber caused an uproar back in 2010. City's campaign to be the first Google's crazy fast internet service. The city of Topeka, Kansas, temporarily renamed itself Google. Rancho Cucamonga California called itself Rancho Googlemonga. In the end, Kansas City, Kansas, was the first city to get Google fiver. The service provides gigabit internet for $70 a month. That's an insane amount of speed for the money. Over on Comcast you get about 150 megabits per second at about 83 dollars per month. A gigabit is a thousand megabits, think about that. Fiber internet is so valuable, a new study by the Fibers to the Home Council said it increases rental values by 8%. Property values also increase 2.8 percent if that place is served by fiber internet. So fiber's good for everybody except if you're competing with Google Fiber. That's it for this CNET news update. I'm [UNKNOWN] and you can stay on top of the biggest stories on CNET.com/update. [MUSIC]