Google Invests in Power-Line Broadband

fsterman writes "ZDNet reports that Current Communications Group has received investment money from Google, Hearst, and Goldman Sachs for their internet over broadband ventures. The Wall Street Journal reports that the three companies invested roughly $100 million in the start-up. Current Communications and Cinergy Broadband said they will create one joint venture to bundle broadband and voice services for Cinergy's 1.5 million customers. Current also has plans to use the new investment money to expand its broadband over power line deployments in the U.S. and overseas."