The London Internet Exchange (LINX) has launched its 2022 annual report and accounts ahead of the LINX119 member meeting in Manchester.
LINX119 takes place on Tuesday 16th and Wednesday 17th May, and will feature the exchange’s annual general meeting and an election for two places on its non-executive Board.
2022 Overview
The comprehensive report states that the organisation performed well in what continue to be challenging market conditions for the industry as a whole.
LINX’s network reach is extensive within its services sector, and that it remains a very significant player in the IXP industry. In 2022 it continued to attract new worldwide members based in Europe, as well as the Middle East, Asia, Africa, the Americas, and Australasia.
While the interconnection market remains very competitive, the exchange still received 67 new member applications received during the year. At the end of 2022, membership totalled 880, spread across 80 countries.
“The balancing of retaining a strong financial position, alongside a policy of holding our prices despite inflationary pressures, is becoming an increasing challenge and LINX directors pay close and regular attention to ongoing financial results. This approach is supported by the continuing increase in demand for our services, and our expanding membership who endorse this as an appropriate policy.”
Kurt-Erik Lindqvist, LINX CEO
2022 Report Format
The annual report maintains the expanded format introduced in 2021 to include additional information and updates from all aspects of the business. The growth and reach of LINX’s regional exchanges, along with its product and services portfolio. There’s also more detailed finance section plus an in-depth analysis of key regulatory legislation.