Google, partners to back broadband venture

Discussion in 'Google' started by scangilli, Jul 11, 2005.

  1. #1
    A couple of days ago I happened to read this interesting article appeared on Reuters.com about Google investing in broadband:

    NEW YORK, July 7 (Reuters) - Google Inc., Goldman Sachs Group Inc. and Hearst Corp. are investing about $100 million in Current Communications Group, a start-up that offers high-speed Internet connections over electricity lines, The Wall Street Journal reported on Thursday.

    Current Communications, of Germantown, Maryland, uses a technology that sends Internet signals over regular power lines, the newspaper said, citing people familiar with the situation.

    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.



    Scangilli
     
    scangilli, Jul 11, 2005 IP
  2. digitalpoint

    digitalpoint Overlord of no one Staff

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    #2
    digitalpoint, Jul 11, 2005 IP
  3. Arnie

    Arnie Well-Known Member

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    #3
    Veryy interesting indeed. - Thanks
     
    Arnie, Jul 12, 2005 IP
  4. chachi

    chachi The other Jason

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    #4
    Is that fiber still in the ground in SD? I remember when AT&T was laying that stuff like they were not going to be allowed to do it in a year. I thought someone said they ended up pulling it out later...which I can't imagine.
     
    chachi, Jul 12, 2005 IP
  5. digitalpoint

    digitalpoint Overlord of no one Staff

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    #5
    Yeah... San Diego has more fiber than any other city (at least that's what I heard at one point). From all the military, biotech and defense industries mostly.

    Enough fiber that you can get a T1 (including local loop) for $100.
     
    digitalpoint, Jul 12, 2005 IP
  6. City2

    City2 Peon

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    #6
    Wow, nice! Good information thanks
     
    City2, Jul 12, 2005 IP
  7. chachi

    chachi The other Jason

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    #7
    Well, I guess the price of everything comes down at some point. Local loop charges were around $200-$250/mo when I was there, guess I missed the boat. :) I am happy with my 6Mb/768Kb line I have right now for $110/mo here in SF.

    Now if they would just plug that fiber into homes already...
     
    chachi, Jul 12, 2005 IP