Market News
Recent Developments
New product launches
- In March 2023, Colt Technology Services announced the launch of its new Global Backbone Network. The new network is designed to provide high-speed, reliable connectivity between key financial centers around the world.
- In April 2023, Equinix announced the launch of its new Cloud Exchange Fabric. The Cloud Exchange Fabric is a network that connects Equinix's data centers to major cloud providers, such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
- In May 2023, Telia Carrier announced the launch of its new Global Connect Network. The Global Connect Network is a network that connects Telia Carrier's data centers to major content delivery networks (CDNs), such as Akamai and Limelight.
Acquisition and partnerships
- In 2021, Verizon acquired TracFone Wireless, a prepaid wireless carrier. This acquisition gave Verizon access to TracFone's nationwide network of cell towers, which it can use to improve its own backbone network.
- In 2022, Level 3 Communications acquired CenturyLink. This acquisition created a new telecommunications giant with a vast network of fiber optic cables.
- In 2023, Google Cloud Platform partnered with Equinix to create a new global network. This network will connect Google Cloud Platform's data centers to Equinix's data centers around the world.
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