Google is among the latest investors in Current Communications Group LLC, a broadband-over-power line service provider, based in Germantown, Md.
Current said Thursday that other strategic investments have come from investment banker Goldman, Sachs & Co. and media company The Hearst Corp..
Money from Google and the other investors will be used to provide capital and operating assistance, as Current rolled out its BPL services to carry voice, video and data, William Berkman, chairman of the company, said.
"With roughly two-thirds of the nation still without broadband and many utilities looking for means to upgrade their distribution networks, the acceleration of Current's build out is a clear win-win for consumers," Berkman said in a statement.
BPL technology uses the electric utility to provide Internet access. Modems plug into an electrical outlet and connect to the computer.
Making the jump from outdated legacy technology to a more modern digital infrastructure will allow businesses to innovate at the speed and scale needed in today’s marketplace.
The business world is speeding up. The longer IT leaders wait to get their needs met, the more at risk their businesses and their jobs will be.
By arming SD-WAN networks with end-to-end intelligence, analytics-driven predictions, and predictive automation solutions, IT teams can simplify infrastructure management and assure higher levels of quality experiences for users.
