Google, etc. drop $100m on broadband over power lines

Posted by: Girlie

Google, etc. drop $100m on broadband over power lines - 07/07/05 03:06 PM

Google Inc., Goldman Sachs Group Inc., and Hearst Corp. are investing about $100 million in Current Communications Group, a start-up that offers high-speed Internet connections over electricity lines, The Wall Street Journal reported on Thursday.

Current Communications, of Germantown, Maryland, uses a technology that sends Internet signals over regular power lines, the newspaper said, citing people familiar with the situation.

Current, a closely held company, offers its high-speed service in the Cincinnati area and is expected to use its new investment to expand, the Journal said.

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