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Short Take: Kleiner funds new broadband company

Venture capital firm Kleiner Perkins Caufield & Byers has helped fund a new telecommunications company called Broadband Office, which has partnered with eight real estate companies to sell bundled communications services to their office tenants. Broadband Office, which will begin offering service to small- and medium-sized businesses by late November, will serve tenants in the rental portfolios of the real estate companies. The real estate companies will own an equity stake in Broadband Office.

    Venture capital firm Kleiner Perkins Caufield & Byers has helped fund a new telecommunications company called Broadband Office, which has partnered with eight real estate companies to sell bundled communications services to their office tenants. Broadband Office, which will begin offering service to small- and medium-sized businesses by late November, will serve tenants in the rental portfolios of the real estate companies. The real estate companies will own an equity stake in Broadband Office.