Grant Gross
Senior Writer

Google, others invest in broadband over powerline firm

news
Jul 7, 20052 mins

Google says investment in Current Communications will promote better access to the Internet

Current Communications Group, a provider of broadband over power line (BPL) service, has received funding from Google, Goldman, Sachs & Co. and Hearst, the company announced Thursday.

Current Communications, which is selling BPL Internet service in the Cincinnati area, received “significant” funding from the three companies, said Scott Bruce, general manager of the company. Bruce declined to disclose the amount of investment, although The Wall Street Journal pegged the new round of funding at about $100 million.

“We’re not disclosing the financial terms,” Bruce said. “It’s a significant investment.”

Google said in a statement that its relationship with Current would “help promoted better access to the Internet.” The company had no further comment.

In March 2004, Current and Cinergy Broadband LLC, a subsidiary of Cinergy, announced investments of $70 million as the partners began rolling out BPL service to the Cincinnati area. The Cincinnati-area rollout includes broadband service and voice over Internet Protocol service.

Current is taking with other electric utilities about partnerships, Bruce said.

With the new investments, Current will put money into BPL improvements as well as applications that electric utilities can use to track outages and use of their electric grids, Bruce said. BPL providers have promoted their service as a way for electric utilities to quickly pinpoint problems on their grids.

The new round of financing included investments from two of Current’s former investors, EnerTech Capital and the company’s principal stakeholder, Liberty Associated Partners LP, an investment partnership between Liberty Media and the Berkman Family.

Grant Gross

Grant Gross, a senior writer at CIO, is a long-time IT journalist who has focused on AI, enterprise technology, and tech policy. He previously served as Washington, D.C., correspondent and later senior editor at IDG News Service. Earlier in his career, he was managing editor at Linux.com and news editor at tech careers site Techies.com. As a tech policy expert, he has appeared on C-SPAN and the giant NTN24 Spanish-language cable news network. In the distant past, he worked as a reporter and editor at newspapers in Minnesota and the Dakotas. A finalist for Best Range of Work by a Single Author for both the Eddie Awards and the Neal Awards, Grant was recently recognized with an ASBPE Regional Silver award for his article “Agentic AI: Decisive, operational AI arrives in business.”

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