Goldman, Google, Hearst Invest IN Broadband Over Power Line (BPL) Provider

Greg Galitzine : Greg Galitzine's VoIP Authority Blog
Greg Galitzine

Goldman, Google, Hearst Invest IN Broadband Over Power Line (BPL) Provider

CURRENT Communications Group, LLC, a Broadband over Power Line (BPL) service provider, today announced strategic investments from Goldman, Sachs & Co., Google Inc., and The Hearst Corporation.

"These investments provide us with both capital and operating assistance as we continue to roll out Broadband-over-Power Line services to provide voice, video and data services," said William Berkman, Chairman of CURRENT Communications Group. "With roughly two-thirds of the nation still without broadband and many utilities looking for means to upgrade their distribution networks, the acceleration of CURRENT's build-out is a clear win-win for consumers."

BPL technology enables the delivery of high-speed, two-way broadband through electrical outlets in homes and offices. It needs no special equipment in the home or office and transforms existing electrical wiring into a secure broadband network.

Google? check. Broadband? check. VoIP? check back later...



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