Colorado Springs Utilities reached a deal making the Google-owned internet service company gFiber the primary tenant for the public utility’s fiber network.

The lease, approved Wednesday by the Utilities Board, replaces Ting as the company primarily using the municipal fiber-optic internet network.

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Utilities will receive $670 million over the next 30 years through the lease with gFiber, according to Wednesday’s presentation. The tenant agreement will last for 30 years, with options for a pair of five-year extensions. The transition to gFiber is expected to be completed by early 2027, when the company will begin connecting new customers to the fiber lines.

The utility noticed comments in corporate filings beginning last fall that Tucows, Ting’s parent company, might decrease its focus on providing internet service, Utilities Chief Financial Officer Tristan Gearhart said.…