Current Communications Group, provider of broadband Internet service over power lines, said it has received investment money from Google, Hearst and Goldman Sachs.

Although Current did not specify the amount it received, The Wall Street Journal reported that the three companies invested roughly $100 million in the start-up. Last year, Current and Cinergy Broadband, a subsidiary of energy company Cinergy, announced that their two joint ventures had received $70 million from Cinergy, EnerTech Capital and Liberty Associated Partners.

Current said Thursday that it plans to use the new investment money to expand its broadband over power line deployments in the U.S. and overseas.

By: DocMemory
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