GFiber, the broadband provider previously known as Google Fiber, has agreed to take over Ting Fiber’s long-term lease of a municipal fiber-optic network in Colorado Springs, providing financial relief to Ting’s parent company while expanding Google’s broadband operations in Colorado.
The agreement will transfer Ting’s remaining lease obligations with Colorado Springs Utilities (CSU) to GFiber, which will replace Ting as the network’s tenant. The transaction is expected to close in March.
The website Light Reading was the first to report the deal. Google continues to operate GFiber while the broadband Internet provider’s acquisition by Astound is pending.
The transfer of the lease comes as Ting Fiber faces significant financial difficulties. Its parent company, Tucows, began reviewing strategic alternatives for the broadband subsidiary in late 2025 following continued operating losses. In June, Tucows warned there was substantial doubt about Ting Fiber’s ability to meet its financial obligations over the following year without additional financing. The company previously implemented a restructuring program in 2024 that eliminated approximately 42 percent of Ting Fiber’s workforce and 17 percent of Tucows’ employees overall.
As of the end of June 2026, Ting had approximately $322.8 million in remaining payment obligations under its original 30-year lease with Colorado Springs Utilities. The agreement initially called for the municipal utility to receive approximately $670 million over three decades.
The network is part of a broader initiative by Colorado Springs Utilities to develop an open-access fiber infrastructure capable of serving approximately 200,000 locations.
