I asked this question last year, and the overwhelming response from readers was that XO Holdings (news, filings) would be the next target for M&A. But it turned out, none of the companies on my list were consolidated. I think that is largely because the bottom dropped out of the financial markets, else XO seemed right to me too. A year later, let's try it again:
This time you can choose more than one, which of course means that the percentages won't add up to 100 so don't expect them to. I have included on the list only US based fiber networks that have over $200M in directly related revenues. There are other assets out there, either smaller or owned by larger foreign telecoms or domestic companies whose revenues are primarily outside the sector. I also obviously didn't include Verizon or AT&T, since those don't seem likely to be acquired any time soon.
As a group, the readers of this blog understand more about these networks than any other anonymous group I know of. I'm curious what you think, so first vote, then leave us all a comment below to tell us why!
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