In the keynote address at the opening of the third colocation summit organised by The Phillips Group in San Francisco, California, Patricia Higgins, President and CEO of Switch & Data, placed herself and her peers in the vanguard of a radical trend toward the coexistence of multiple carriers and service providers under one roof
With reference to the rapid growth of the industry during the previous 12 months, Higgins focused on the challenges that now confront the colocation sector, including those of finance and consolidation. Many analysts predict that there will be rapid consolidation in the industry during the coming 18-24 months. In spite of the lack of funds and the decline of NASDAQ and high-tech stocks, there has been continued expansion in the build-out of colocation and data centres.
As demand for high-speed bandwidth connections grows, carriers and service providers will likely charge colocation companies and data centres for new growth opportunities, thus spurring demand for investment in telecoms ventures.
The issues raised by Ms Higgins, and other questions affecting the industry are also certain to be addressed at the CWM Expo and Colo Summit organised by The Phillips Group on 2-4 May in London, United Kingdom.
For more information please contact:
Dr. Marcel Kay
Tel: 020 8964 0260
The Phillips Group
Tel: 020 7423 4500
This press release was distributed by ResponseSource Press Release Wire on behalf of VP Communications in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.