6.5.2.3Vertical
Interconnection & Exchange Points
Neutral interconnection facilities connecting carrier networks.
Market snapshot
These figures describe Data Center Interconnect & Dark Fiber (6.5.2), the segment that Interconnection & Exchange Points sits within — not Interconnection & Exchange Points on its own.
FragmentationConsolidatingEstimate
Data-center interconnect and dark fiber sit within wired telecommunications/fiber (NAICS 517311) and are not separately disclosed by the Census Bureau, so the segment is not separately sized here.
Business model & economics
Revenue model
Dark-fiber leases (IRUs) and interconnect bandwidth
Key economics
- Recurring revenue
- High
- EBITDA margin
- Strong
- Capex intensity
- High
long-term IRU and bandwidth contracts
recurring fiber economics
Characteristics
- Connectivity fabric between data centers and cloud regions.
- Cloud and AI data-center boom drive bandwidth demand.
- Dark fiber prized by hyperscalers for dedicated capacity.
M&A deal context
Deal activityHigh
Who’s acquiring
- Fiber & dark-fiber operators
- Infrastructure funds & investors
- Hyperscalers & digital-infrastructure platforms
What’s driving deals
- Data-center and AI bandwidth demand.
- Consolidation around scaled fiber platforms.
- Hyperscaler dedicated-capacity needs.
Find Interconnection & Exchange Points acquisition targets
Search Acquisera’s index for companies classified under Interconnection & Exchange Points (6.5.2.3) and build a targeted deal pipeline.
Search companies