As a strategic move to enhance operational efficiency while at the same time courting new investments into the business, Google has sold a stake in its fiber internet venture, Google Fiber.

The search engine giant has thus become a minority owner of a new entity that has been formed as a result of selling a stake in Google Fiber.

The decision by Google to sell a stake in Google Fiber is a clear indication of a shift in strategy by Google to expand its fiber internet connectivity services across the United States while at the same time diversifying financial risk.

Google Fiber, which was started as a bold strategy by Google to shake up the traditional broadband market by offering extremely fast internet speeds, has encountered challenges related to infrastructure cost as well as expansion.