Cogent Communications to Sell 10 Data Centers for $225 Million

May 26, 2026
Cogent Communications has agreed to sell 10 of its data center facilities for $225 million in cash to an entity backed by I Squared Capital. The deal is expected to close by mid-June 2026, pending regulatory approval.

Cogent Communications has entered into a definitive agreement to sell 10 data center facilities for $225 million in cash to a newly formed entity sponsored by I Squared Capital, announced in a press release.

The facilities are located in Phoenix, Anaheim, Burbank, Stockton, Atlanta, Chicago, Elkridge, Kansas City, Nashville, and Houston. The transaction is expected to close on or after June 12, 2026, following expiration or termination of the waiting period under the Hart Scott Rodino Antitrust Improvements Act.

Cogent Fiber, a wholly owned subsidiary of Cogent, is the entity executing the sale. Cogent provides high speed internet access and private network services to businesses across 306 markets worldwide and is headquartered in Washington, D.C.

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