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.
The technology could also be a tool for Google to provide a service that requires broadband access, VoIP (voice-over-Internet).
Here's what Google had to say in a statement provided to the WSJ:
As part of our corporate mission, we are interested in promoting universal access to the internet for users.
Google's stated mission, as a reminder, is:
To organize the world's information and make it universally accessible.
So apparently, the mission of organizing the world's information means that the world needs to be online, perhaps with Google's help. Is this the beginning of Google, the internet service provider? Stay tuned.
By the way, Reuters is running a brief article that is available for free. For more about Internet access over power lines, see: Plugging Into the Net, Through the Humble Wall Outlet, from The New York Times (Oct. 28, 2004)