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Google and partners invest in Internet over electricity lines

Posted on Friday, July 08 2005 @ 00:22:00 CEST by

Google, Goldman Sachs and Hearst are investing $100 million in Current Communications. The company is a start-up that offers broadband Internet connections over electricity lines.

Current Communications, based in Germantown, Maryland, uses regular power lines to transmit Internet signals.

The company is closely held and currently offers its high-speed Internet service in the Cincinnati area.

It will use the $100 million investment to expand.

Source: Reuters



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