Drew Campbell, i3 senior editor, spoke with Michael Likosky, a partner at Advantage Infrastructure Advisors, about the trend of technology companies entering the infrastructure investing market. This is the second part of a two-part series that first published with the February issue.

What makes the tech companies infrastructure-like?

You can say the tech companies are infrastructure companies, and in a way they are. Cisco is an infrastructure company; even a PayPal has infrastructural qualities. Satellite systems, for example, are infrastructure. But broadcasters have an infrastructure character to them, as well, with the current trend toward interactivity in content push. Television broadcasting has traditionally been one-way broadcasting. Several years ago, nobody questioned for a moment that the satellite was the conduit for the broadcasters. Today, with two-way content, what we consider infrastr