Google Invests In Broadband Over Power Lines

Posted: Jul 7 2005, 1:44am EST | by , Updated: Aug 10 2010, 4:12pm CDT, in News | Other Stuff

Google Invests in Broadband over Power Lines
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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.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () 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.
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