Current Gets $130M For Broadband-Over-Power Lines - 05/05/2006
"Current Gets $130M For Broadband-Over-Power Lines
Friday, May 5, 2006 6:00 AM EST
CURRENT COMMUNICATIONS, WHICH HOPES TO build out broadband-over-power lines, has received $130 million in new funding from investors including General Electric Co., Internet service provider EarthLink, Texas utility TXU Corp. and Sensus Metering Systems Ltd. The Germantown, Md,-based Current Communications is rolling out a network that provides broadband access through electric lines. Last July, Current Communications said it received a $100 million investment from search company Google, publisher Hearst Corp. and financial institution Goldman, Sachs & Co."
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