If this turns out to be true, it would be freakin awesome! Business 2.0 is reporting rumors that Google is quietly buying up unused fiber optic cable (AKA “dark fiber”) around the country to form the high-speed foundation of its own network. One good business reason for this plan is to simply lower Google’s monthly bandwidth charges, which reach into the millions of dollars. That’s not the exciting part, however. It’s possible that Google could attach thousands or millions of wireless access points to its network, giving anyone quick access to new bandwidth intensive applications such as Google Earth.

It’s worth keeping in mind that this is mostly speculation right now, but the business angles make sense. Based on past performance, if there’s any company that can pull off something like this, it’s Google .