DivestmentJun 29, 2026, 04:32 PM
Cogent Communications Completes $225M Data Center Sale
AI Summary
Cogent Communications Holdings, Inc.'s indirect wholly owned subsidiary, Cogent Fiber, LLC, has completed the sale of 10 data center facilities to an affiliate of I Squared Capital. The transaction, which also included certain personal property and customer contracts, was finalized on June 29, 2026. The sale generated an aggregate purchase price of $225 million in cash for the company.
Key Highlights
- Cogent Fiber, LLC completed the sale of 10 data center facilities.
- The sale was made to an affiliate of I Squared Capital.
- The transaction generated an aggregate purchase price of $225 million in cash.
- The sale included certain personal property and customer contracts at each facility.
- The transaction was completed on June 29, 2026.
Price Impact
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