The divested sites span a broad geographic reach, encompassing locations in Phoenix, Anaheim, Burbank, Stockton, Atlanta, Chicago, Elkridge, Kansas City, Nashville, and Houston. By offloading these assets, Cogent continues to refine its business model, which centers on providing high-speed internet access and private network services to bandwidth-heavy commercial clients.
Cogent Communications Finalizes $225 Million Data Center Divestiture
Cogent Communications has finalized the sale of 10 data center facilities to an entity backed by I Squared Capital. The transaction, which netted the Washington-based internet service provider $225 million in cash, marks a strategic consolidation of the company’s physical infrastructure footprint across the United States.
Cogent currently maintains an all-optical IP network serving 306 markets globally. This sale represents a significant liquidity event for the NASDAQ-listed firm, allowing it to streamline its operations while maintaining its core service delivery capabilities from its Washington headquarters.
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