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Seeweekly news
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2005-11-30 |
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Cogent Communications Group Inc. planned expansion in Europe |
Cogent Communications Group Inc., a multinational Tier 1 Internet service provider, announced its planned expansion to provide Internet access and transport services in Stockholm, Sweden. Cogent will make an official announcement at its customer event to be held at the U.S. General Consulate's building in Amsterdam on November 30th, 2005.
"Cogent is responding to customer demand and multiple requests from businesses looking to bring Cogent's quality Internet service and pricing to Sweden," said Dave Schaeffer, CEO of Cogent Communications. "We are looking forward to launching service in Stockholm in the very near future and want to take this opportunity while in Amsterdam to personally thank our loyal customers for their business today and continued future support as we expand our presence throughout Europe."
Stefan Arbia, Cogent's Country Manager for the Benelux region, will host the event and introduce Cogent's CEO Dave Schaeffer, as well as other senior executives from Cogent, to an influential group including consulate officials and telecommunications industry executives. The event will provide an excellent forum to network and discuss further opportunities and trends in the Internet marketplace.
Cogent's has steadily increased the amount of traffic and number of customers on its network, located in Europe and North America. Cogent reported its network traffic grew 30% in the 3rd quarter of 2005. Compounded annual growth in traffic for 2005 is roughly 170%. Cogent estimates that it carries approximately 12% of the world's Internet traffic based on comparisons of its data with that of third parties that publish total global Internet traffic statistics. Cogent has been named the largest Ethernet Internet service provider in the United States by Ovum-RHK and continues to demonstrate its leadership position within the telecom industry both in Europe and the United States. |
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