Service Will Premiere in Dallas, Texas
EL SEGUNDO, Calif., and GERMANTOWN, Md., Aug. 15 /PRNewswire-FirstCall/ --
DIRECTV, Inc. (NYSE: DTV) and CURRENT Group announced today a wholesale
distribution agreement that will enable DIRECTV to offer its customers
CURRENT's innovative BPL (Broadband Over Powerline) high-speed Internet
service and VoIP services at the end of 2007/beginning of 2008. DIRECTV
customers will be able to access the Internet by plugging a BPL modem into
virtually any outlet in their home. This easy-to-use symmetrical service can
send data faster than the typical cable modem service in use today. The
increased upload speed is particularly important as users rely on greater
speeds to play interactive games or send significant volumes of digital
content through the Internet.
Under the terms of the agreement, DIRECTV will have access to CURRENT's
BPL network, initially in the Dallas/Fort Worth BPL network that will cover
approximately 1.8 million homes and businesses over the next several years.
DIRECTV will be able to market a bundle that includes DIRECTV high-speed
Internet and VoIP services to its residential customers. In addition, the
agreement provides DIRECTV the ability to add other geographic markets as
CURRENT builds out its network. CURRENT's BPL network enables both Broadband
services and Smart Grid solutions designed to improve efficiency and
reliability while reducing the environmental impact of electric service.
"We are pleased to partner with DIRECTV to offer them the ability to
bundle their world-renowned satellite video services together with BPL high-
speed Internet and VoIP services," said Tom Casey, CURRENT's chief executive
officer. "Consumers in Dallas will have a compelling new choice for their
broadband service and, at the same time, feel good about the fact that the
same Internet network is helping to improve the efficiency and reliability of
the electric grid while reducing its environmental impact."
"Our agreement with CURRENT gives our customers another high-quality,
easy-to-use option to pair broadband services with DIRECTV's video offerings,"
said Evan Grayer, vice president of Broadband for DIRECTV. "By choosing this
bundled option, DIRECTV customers will now be able to enjoy fast, reliable and
secure high-speed Internet service anywhere they have a power outlet in their
CURRENT builds an Internet overlay on to existing electric wires allowing
electric utilities worldwide to deploy and manage a Smart Grid benefiting
utilities, consumers and the environment. CURRENT provides sensing technology,
two-way high-speed communications, 24/7 monitoring and analytic software and
related services to provide location-specific, real-time actionable data in an
integrated Smart Grid solution. CURRENT's solutions also allow consumers and
business users to have high-speed Internet access and voice services from
virtually any electric outlet.
CURRENT's investors include Duke Energy Corporation, EarthLink, Inc.,
EnerTech Capital, Google Inc., Goldman, Sachs & Co., General Electric Company,
Hearst Corporation, Liberty Associated Partners (an investment partnership
between Liberty Media Corporation and the Berkman family) and TXU Corp, among
others. Further information about CURRENT Group, LLC, a privately-held company
based in Germantown, MD, is available at www.currentgroup.com.
DIRECTV, Inc., the nation's leading satellite television service provider,
presents the finest television experience available to more than 16.3 million
customers in the United States, through exclusive content, industry-leading
customer satisfaction (which has surpassed cable for seven years running) and
superior technologies. Each day, DIRECTV subscribers enjoy access to over 250
channels of 100% digital picture and sound, exclusive programming and the most
comprehensive collection of sports programming available anywhere, including
NFL SUNDAY TICKET(TM) and MLB EXTRA INNINGS(R). DIRECTV (NYSE: DTV) also leads
the digital television technology revolution with exclusives such as NFL
SUNDAY TICKET SuperFan(TM), US OPEN Interactive and YES Network Interactive
and will soon have the capacity to offer over 150 channels in HD. For the most
up-to-date information on DIRECTV, please visit directv.com.
SOURCE DIRECTV, Inc.; CURRENT Group
Darris Gringeri of DIRECTV