BACKBONE NETWORK SERVICES MARKET ANALYSIS

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.