Internet at home riding power lines

Liberty Media in joint venture The technology offers a high-speed alternative to homes without wireless or satellite service.

Douglas County’s Liberty Media Corp. has teamed with Google, Goldman Sachs and Hearst Corp., among others, to help roll out a new technology for delivering high-speed Internet access over power lines.

The technology, known as Broadband over Power Line, is a possible option – along with wireless and satellite service – for the majority of Americans who do not yet have high-speed Internet service.

Liberty Media, through its private equity fund Liberty Associated Partners, founded Current Communications Group in 2000 to explore power-line technology.

Private equity fund EnerTech Capital and Cinergy, an Ohio-based electric utility, invested in Current Communications more than a year ago. The latest round of investment from Google, Goldman Sachs and Hearst adds a reported $100 million in investment to the company, which is privately held and based in Germantown, Md.

By Ross Wehner
Denver Post Staff Writer

Full Story: http://www.denverpost.com/business/ci_2850743