Google is planning to build out its own fiber optic network and become a top-tier player in the Internet telephone and wireless businesses, so it only makes sense that the company is looking to lease space in one of New York's telecom carrier hotels, says the New York Post:

"The company is reportedly in talks to lease a whopping 270,000 square feet in the former Port Authority Commerce Building at 111 Eighth Ave. at W. 15th Street. The massive building is one of New York's most important so-called telecom carrier hotels — home to thousands of Web servers and other critical technology infrastructure."

Google spokespersons offered no comment on the pending deal, but the Post article has plenty of speculation about what Google is planning:

"111 Eighth Ave.'s concentration of interconnected networks would allow Google to offer its new voice-over-Internet service, Google Talk, more efficiently and at lower cost because it would be able to connect directly to the networks of many of the world's leading telecom firms that are also housed there."