Current Communications Group, which offers broadband Internet service over power lines, said Thursday that it has received investment money from Google, Hearst and Goldman Sachs.
Current said Thursday that it plans to use the new investment money to expand its broadband-over-power-line deployments in the United States and overseas. EnerTech Capital and Liberty Associated, a partnership between Liberty Media and the Berkman family, also contributed to the new financing round.
“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,” William Berkman, chairman of Current, said in a statement.
Source: News.com
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