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Published On: October 27, 2016 09:46 AM NPT By: Republica

Google Fiber halts expansion plans as chief steps down

SAN FRANCISCO, Oct 26:  Google’s parent company is halting operations and laying off staff in a number of cities where it once hoped to bring high-speed internet access by installing new fiber-optic networks.

The company also announced that Craig Barratt, a veteran tech executive who led the ambitious -- and expensive -- Google Fiber program, is stepping down as CEO of Access, the division of Google corporate parent, Alphabet Inc, that operates the 5-year-old program.

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