An LLC structure is better suited to this situation. Waymo is also an LLC. XXVI, the name of the new holding entity, is the number of letters in the alphabet expressed in Roman numerals. The sums of the company's two most recent share buybacks were both derived from math equations involving the number 26. "I still see amazing opportunities that just aren't quite fully developed yet — and helping making them real is what I get excited about," Page wrote in a letter last year about Alphabet. Google accounted for 99% of Alphabet revenue last quarter. The new structures were disclosed in a filing on Friday with the Federal Communications Commission. Businesses that hold FCC licenses, like Waymo and the Fiber internet service, are required to make such filings. "As a result of the corporate reorganization, Alphabet and Google will be able to operate in a more efficient, economical, and transparent manner, allowing the companies to concentrate on their revenue generating activities," the company said in the filing.