Equinix chief gives reassurance on pricing

from FT.com, an interview with Equinix Ceo:

>>Equinix chief gives reassurance on pricing

The largest independent operator of data centres with fast internet connections would not raise prices after completing the acquisition of its nearest US competitor on Friday, Steve Smith, Equinix chief executive, told the Financial Times.

Mr Smith’s pledge should provide reassurance to Equinix customers who had complained to the US Justice Department about the concentration of power in quality co-location centres, where companies rent high-security computer storage and pay for electricity and their choice of telecommunications connections. Regulators had asked for a second tranche of information about the $689m acquisition of Switch and Data Facilities announced in October before approving it a week ago.

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Mr Smith said that his next big ambition was to capitalise on the demand for data delivered to smartphones and other mobile devices.

That could take the company from a predicted $2bn in annual revenue within five years to $3bn, he said, adding: “Mobile data is a huge opportunity.”