Glo Fiber Business and CoreSite to Expand Network Connectivity to Washington, D.C.
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Insights
The strategic alliance between Glo Fiber Business and CoreSite represents a significant enhancement in the data services and cloud connectivity sector. This collaboration is poised to improve the competitive landscape by offering direct and secure data exchange facilities which are increasingly vital for businesses operating in today's digital economy. The partnership leverages the robust infrastructure of CoreSite's Washington, D.C. campus, which is designed to meet high-level governmental and private enterprise standards.
From a market perspective, this agreement could potentially increase market share for both entities by attracting customers who require stringent data security and fast, reliable connections to major cloud providers. The emphasis on meeting FISMA and FedRAMP deployment requirements indicates a targeted approach to servicing government entities and financial institutions, sectors that are particularly sensitive to data sovereignty and security issues.
The extended reach of Glo Fiber Business's fiber network through this partnership will likely be a strong selling point for regional customers in Virginia, Pennsylvania, Maryland, West Virginia and Kentucky, who might be seeking enhanced data center services and connectivity solutions.
The announcement by Shenandoah Telecommunications Company regarding its subsidiary Glo Fiber Business's agreement with CoreSite could be indicative of a strategic move to tap into the growing demand for data services and cloud connectivity. This move may positively influence Shentel's financial performance by diversifying its revenue streams and strengthening its B2B segment. The ability to connect directly to major cloud providers could serve as a differentiator in the market, potentially leading to an uptick in customer acquisition and retention.
Investors will likely monitor the impact of this agreement on Shentel's operational costs and revenue. The investment in infrastructure and the expansion of services could result in initial capital expenditures, but the long-term benefits, including recurring revenue from colocation services, might offset these costs. It will be crucial to assess future financial disclosures to evaluate the profitability of this venture.
The partnership's focus on data security is particularly relevant in the context of increasing cyber threats and stringent regulatory compliance demands. By meeting FISMA and FedRAMP requirements, Glo Fiber Business and CoreSite are positioning themselves as trusted providers for organizations that handle sensitive information. This could lead to a competitive advantage in acquiring contracts with government and financial entities that prioritize cybersecurity.
In the broader context, this agreement could set a precedent for how data service providers approach partnerships, emphasizing the importance of secure and scalable colocation services. The collaboration also highlights the critical role of infrastructure in achieving enhanced cybersecurity and the need for continuous investment in security measures to maintain trust and reliability.
The CoreSite colocation will benefit Glo Fiber Business customers by providing a local, direct and secure data exchange in
"Glo Fiber Business continues to expand its fiber network reach, data center choices and state-of-the-art services to support our rapid customer growth," said Craig Venable, Vice President of Commercial Sales. "Companies, municipalities and educational institutions of all sizes will benefit from our partnership to leverage peering services and direct cloud connectivity in the CoreSite
"CoreSite and Glo Fiber Business are aligned in our commitment to deliver mission-critical infrastructure and optimal service to our customers so they can accelerate their time-to-market and improve their competitive edge," said Maile Kaiser, Chief Revenue Officer at CoreSite. "Working with Glo Fiber Business will provide additional fiber connectivity to our customers while Glo Fiber Business customers will be able to take advantage of the robust ecosystem, enhanced connectivity and cloud access offered by CoreSite."
Glo Fiber Business is known for its outstanding local customer service, best-in-class reliability and a wide range of industry-leading services and connectivity options throughout
The CoreSite Washington, D.C. data center campus provides data center services, colocation services and meet-me-room facilities to customers throughout the region. The CoreSite campus also facilitates the secure interconnection of domestic fiber networks, cloud and AI providers throughout
For more information about Glo Fiber Business, please visit www.GloFiberBusiness.com or call 1-833-WANTGLO (1-833-926-8456).
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About Glo Fiber Business
Glo Fiber Business provides advanced data and voice services for businesses, municipalities and educational institutions via a MEF-certified network with over 9,300 route miles of fiber. Services include fiber-optic connectivity, dedicated internet access, VoIP, managed services and network security options that are customized based on customers' needs. As part of Shenandoah Telecommunications Company (Shentel) (Nasdaq: SHEN), Glo Fiber Business delivers cost-effective, quality internet and data solutions to commercial customers of all sizes in VA, PA, MD, WV and KY.
About Shenandoah Telecommunications
Shenandoah Telecommunications Company (Shentel) provides broadband services through its high speed, state-of-the-art fiber-optic and cable networks to customers in the Mid-Atlantic United States. The Company's services include: broadband internet, video, and voice; fiber optic Ethernet, wavelength and leasing; and tower colocation leasing. The Company owns an extensive regional network with over 9,300 route miles of fiber and 220 macro cellular towers. For more information, please visit www.shentel.com.
About CoreSite
CoreSite, an American Tower company (NYSE: AMT), provides hybrid IT solutions that empower enterprises, cloud, network, and IT service providers to monetize and future-proof their digital business. Our highly interconnected data center campuses offer a native digital supply chain featuring direct cloud on-ramps to enable our customers to build customized hybrid IT infrastructure and accelerate digital transformation. For more than 20 years, CoreSite's team of technical experts has partnered with customers to optimize operations, elevate customer experience, dynamically scale, and leverage data to gain competitive edge. For more information, visit CoreSite.com and follow us on LinkedIn and Twitter.
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SOURCE Shenandoah Telecommunications Company
FAQ
What is the partnership announced in the PR involving Shenandoah Telecommunications Company?
Which major cloud providers will Glo Fiber Business customers have direct connectivity to through the partnership?
What benefits will businesses, government entities, and financial institutions gain from the CoreSite colocation services?
What regions does Glo Fiber Business currently serve with its industry-leading services and connectivity options?
What services does the CoreSite Washington, D.C. data center campus provide to customers?
