Carrier-Neutral Network Operators - 4Q18 Market Review: CNNOs now operate 613 Data Centers, 2.4 million Cell Towers, and over 487K Route Miles of Fiber
|発行||MTN Consulting, LLC||商品コード||757460|
|キャリアニュートラルネットワーク事業者 (CNNO)：市場レビュー Carrier-Neutral Network Operators - 4Q18 Market Review: CNNOs now operate 613 Data Centers, 2.4 million Cell Towers, and over 487K Route Miles of Fiber|
|出版日: 2019年04月29日||ページ情報: 英文||
当レポートでは、キャリアニュートラルネットワーク事業者 (CNNO) の動向を四半期ごとに調査し、収益、純PP&E、OPEX・CAPEX、純利益・純利益率などの各種財務データ、CNNOタイプ・企業など各種区分別の内訳などをまとめています。
Carrier-neutral providers of network infrastructure are playing a crucial role in the development of the telecom sector. From US$17.6 Billion ($B) in revenues in 2011, CNNOs recorded $ 58.6B in 2018; the growth rate in the last three years has averaged 20.2%. Since 2011, the sector's data centers under management have more than doubled, to 613 facilities; fiber route miles have almost tripled, and the cell tower count increased over 10x to 2.4 million.
Much of the CNNO sector's growth has been acquisition-induced. During 2011-18, acquisitions burned nearly as much cash as capex in the sector. CNNO capex in the 2011-18 period totaled $ 111.50B, versus $ 104.6B for M&A spending slowed to a trickle in 2018, and CNNO revenue growth in 2018 was relatively flat. Year over year growth was just 9% in 2018. Growth in the data center segment remained strong in 2018, but the tower & bandwidth segments both slowed.
We expect CNNOs with a proven track record of acquisitions to continue looking for multi-billion dollar asset deals for the next several years. We also expect CNNOs to function as market consolidators when the next market downturn hits. The larger CNNOs will push the envelope on their business model as they grow, adding services on top of their infrastructure and building further to the edge of the network. Top-line growth will tick up again with M&A deals, and the continued growth of new build CNNO networks such as NBN Australia.