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Google Invests in Broadband over Power Lines
Jul 7 2005, 1:44am EST | by Luigi Lugmayr
Google along with Goldman Sachs Group Inc. and Hearst Corporation are investing 100 million USD in Current Communications Group LLC, a company providing broadband via power lines. Source: WSJ via Reuters (Thanks Larry R.).
Google can afford to invest in a broad range of things with the money they raised from the IPO and also with the amounts they make every month. For them to invest into Internet infrastructure makes sense. If
power lines will play a significant role in the future of broadband Internet is an open question.
About Current Communications:
CURRENT Communications™ integrated BPL (Broadband over Power Lines) solution delivers double duty benefits for consumers and utilities. Consumers get blazing fast Internet access and high quality voice services at all electrical outlets in the home or business. Electric utilities gain a more intelligent distribution system, including critical capabilities that enhance the security, reliability and efficiency of their networks.
More details on the Current Communications Group site.
where to buy
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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.
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