TELECOM Digest OnLine - Sorted: Google, Partners to Back Broadband Venture

Google, Partners to Back Broadband Venture

Lisa Minter (
Thu, 7 Jul 2005 12:26:27 -0500

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 Wall Street Journal said.

Copyright 2005 Reuters Limited.

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