PORTLAND Google Fiber and the City of Portland have reached a preliminary agreement, according to a newspaper report.

The Oregonian reported Wednesday that Google Fiber and the city had reached a franchise agreement, putting Portland one step closer to winning a coveted chance at super-high-speed Internet and television service.

In Feb. Google Fiber announced Portland was one of five Oregon cities, in a list of 34 nationwide, that could be home to Google's next high speed broadband network. The service would be about 100 times faster than current internet speeds available in the city.

More: Metro area on short list for Google Fiber

Google Fiber currently is available in Kansas City, Kan., Kansas City, Mo. and Provo Utah, and will be available in Austin, Texas later this year.

The franchise deal does not guarantee that the city will have the system built, according to the Oregonian.

The company still must evaluate local regulations, topography, existing utility networks and other factors that will influence its decision, the newspaper said.

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