Google invests in broadband over power lines

Google, Goldman And Hearst Invest In Broadband Firm from the Wall Street Journal (paid subscription required) reports that Google, along with Goldman Sachs and media publisher Hearst, are investing in a company that provides broadband Internet access via power lines.

According to the article, the three companies will invest $100 million in Current Communications, of Germantown, Maryland. The report mentions that Current’s technology allows for uploads as fast as downloads which might be useful for uploading video to Google Video.

Read the complete story . (SearchEngineWatch)