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What should I take into account while choosing colo?
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You have to make sure the datacenter is at least at the same state with you... What is the point of paying hundreds of dollars for shipping and limited abilities being far away?
Overall, I would recommend you to go dedicated server instead a colo, this is cheaper and not less (if not more) reliable hosting solution.
I canrecommend you two companies to go with: very professional and longstanding host Globaltap (
www.globaltap.com) and narrow specialized low cost Razorservers (
www.razorservers.com). Both are worthy and very stable.