Google Investing in Current Communications Group, a Start-up Broadband Firm

Jul 7th

US Laws have been favorable to big players who own the information pipes. In order to avoid getting in some way marginalized Google wants to help people bypass those lines.

From the Journal:

Current Communications says its uploads are as speedy as its downloads. That could come in handy for Google's video-search functions. "As part of our corporate mission, we are interested in promoting universal access to the Internet for users," Google, of Mountain View, Calif., said in a statement, declining to provide any further details about its investment.

The article also reports the FCC also likes the idea:

Officials at the Federal Communications Commission have expressed support for power-line services because they could expand the availability of broadband and would give consumers more choice of providers, perhaps lowering prices.

Reuters stated:

Current, a closely held company, offers its high-speed service in the Cincinnati area and is expected to use its new investment to expand, the Journal said.

Published: July 7, 2005

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