Broadband via power lines sparks Google interest
Dawn Kawamoto writes in C|Net News:
Current Communications Group, which offers broadband Internet service over power lines, said Thursday it has received investment money from Google, Hearst and Goldman Sachs.
Although Current did not specify the amount it received from the search king, media giant and investment banker, The Wall Street Journal reported that the three companies invested roughly $100 million in the start-up. Last year, Current and Cinergy Broadband, a subsidiary of energy company Cinergy, announced that their two joint ventures had received $70 million from Cinergy, EnerTech Capital and Liberty Associated Partners.
posted by Fergie @ 7/07/2005 08:02:00 AM
0 Comments:
Post a Comment
<< Home