Carrier-Neutral Network Operator Segment Continues Growing: Report

The carrier-neutral network operator (CNNO) segment had combined revenue of nearly $100 billion in 2023, responsible for $34.8 billion in capex, ResearchAndMarkets.com reported Monday. Revenue was up 5.1% over the previous year. “CNNOs play a crucial, complementary role in the communications sector and own and operate a large portion of the world's cell towers, data centers, and fiber networks,” the report said. It added, the telecom carrier of today “cobbles together its physical network from a mix of owned and leased or rented resources.” The five largest CNNOs by revenue in 2023 were China Tower, American Tower, Equinix, Level 3 and Crown Castle.