The development and characteristics of content distribution network (CDN) were analyzed, and then the value interpretation and target localization of CDN service for different operators were summarized. Combined with the structure dimension model of business mode, the establishment method of the business mode suitable for telecom operators was presented. Based on the business mode, a business mode suitable for the CDN operation of telecom operators was formed according to multi-dimensions of service value, service form, service differentiation and service settlement, which satisifes the requirements of the operation of CDN service. The proposed business mode had been applied by a certain operator and had been accepted.%通过对CDN业务发展和业务特点进行分析，梳理出不同类型的服务商对CDN业务的价值诠释和目标定位，并结合商业模式结构维度模型的分析，提出了适用于电信运营商的业务模式的建立方法。基于业务模式的建立方法，从业务价值、业务形态、业务差异化和业务结算等多个维度形成一种适用于电信运营商CDN运营的业务模式，满足CDN业务运营的需求。该业务模式在某通信运营商中试点运用并已通过验收。
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