Google and partners invest in Internet over electricity lines

Posted on Friday, July 08 2005 @ 0:22 CEST by Thomas De Maesschalck

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

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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