The private 5G network market size was valued at $2.6 billion in 2022 and is expected to reach a market size of $129.6 billion by 2032, according to DataHorizzon Research.
The market growth does make sense because companies and industries are increasingly choosing 5G private networks for high-speed and low-latency communication and the enhanced security measures of private networks. Moreover, the support for IoT, network slicing and edge computing makes 5G private networks well-suited for the needs of various industries.
Edzcom, a Finnish and Cellnex company that designs, builds and operates private 4G and 5G networks, offers mobile private network solutions that deliver high-performance wireless connectivity for enterprise automation, robotics and real-time remote control and monitoring. This helps unlock productivity and growth and offers continuity and security for business-critical operations.
Because of the capabilities behind Edzcom’s solutions, as well as the potential within the 5G private network market, Boldyn Networks, a shared network infrastructure provider, agreed to acquire Cellnex's private networks business unit, which includes Edzcom.
Boldyn is a global neutral host provider that offers advanced shared network infrastructure to support a smart, inclusive and sustainable future. The company, formed by the collaboration of six entities, is dedicated to realizing the potential of an interconnected future.
Boldyn facilitates connectivity in various domains, including transit, venues, enterprises, smart cities and next-generation networks, thereby creating innovative opportunities for how people live, work and engage in recreational activities. Their portfolio includes the utilization of fiber, enhancement of 4G/LTE and the expedited deployment of 5G technology.
Boldyn has successfully implemented intricate private network projects globally, such as the deployment at Moray East, a Scottish wind farm that provides electricity to about 1 million homes. In the U.S., Boldyn continues to make strides with ongoing projects, including the establishment of 5G infrastructure at the Cowtown Coliseum. The company has also implemented a CBRS private network at the Dignity Health Sports Park, enhancing operational efficiency and introducing touchless enhancements for visitors.
The agreement advances Boldyn's private networks strategy and puts it at the forefront of driving digital transformations and industry 4.0 innovation. It also expands Boldyn’s footprint in Europe, targeting new markets in Finland, Spain, Germany, Sweden and France, while also extending its presence in the U.K. and Ireland.
"Edzcom's team capabilities, impeccable reputation and recognized expertise are an important addition to our team to capture the potential of this market across continents,” said Igor Leprince, Group CEO of Boldyn. “From venues and wind farms to ports and manufacturing sites, we are building upon being the partner of choice for 5G private and converged network infrastructure projects."
The transaction is subject to customary regulatory and other consents. It's expected to close in Q1 2024.
Edited by
Greg Tavarez
