Cogent (NASDAQ: CCOI) closes $225M sale of 10 data centers

Rhea-AI Filing Summary

Cogent Communications Holdings, Inc. has completed the sale of 10 data center facilities to an entity sponsored by I Squared Capital for an aggregate purchase price of $225 million in cash. The facilities are located across major U.S. markets including Phoenix, Anaheim, Chicago and Houston.

The transaction was executed through Cogent’s indirect wholly owned subsidiary, Cogent Fiber, LLC, under a previously announced Purchase and Sale Agreement. Cogent remains a facilities-based provider of low cost, high speed Internet access and private network services, operating an all-optical IP network in 306 markets globally.

Insights

Telecom and infrastructure transactions analyst

Cogent converts 10 U.S. data centers into $225M cash while keeping its core network business.

Cogent Communications has closed the previously announced sale of 10 data center facilities for $225 million in cash to an entity sponsored by I Squared Capital. The assets span multiple U.S. cities, indicating a geographically diverse portfolio being monetized in a single transaction.

The sale is executed via indirect subsidiary Cogent Fiber, LLC under a Purchase and Sale Agreement, while Cogent continues operating its facilities-based, all-optical IP network serving 306 markets globally. This suggests the company is separating real-estate-heavy data center assets from its core connectivity and network services model.

The cash proceeds of $225 million could meaningfully affect Cogent’s balance sheet or capital allocation once detailed in future filings. Subsequent disclosures may explain how the company deploys this capital across debt reduction, investment in its IP network, or other corporate purposes.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Data center sale price: $225 million cash Data center facilities sold: 10 facilities Global markets served: 306 markets +1 more

4 metrics

Data center sale price $225 million cash Aggregate purchase price for 10 data center facilities

Data center facilities sold 10 facilities Sold by Cogent Fiber, LLC to I Squared Capital–sponsored entity

Global markets served 306 markets Cogent’s all-optical IP network footprint

Company headquarters address 2450 N Street, NW, Washington, D.C. 20037 Principal executive offices

Key Terms

Purchase and Sale Agreement, Regulation FD Disclosure, Emerging growth company, facilities-based provider, +1 more

5 terms

Purchase and Sale Agreement financial

"entered into a Purchase and Sale Agreement (the "Purchase Agreement") with an affiliate of I Squared Capital"

A purchase and sale agreement is a legally binding contract that spells out exactly what is being bought or sold, the price, who must do what, the timeline, and any conditions that must be met before the deal closes — like a detailed recipe and checklist for a transaction. Investors care because this document determines when ownership or assets change hands, what risks or obligations remain, and which conditions (financing, approvals, inspections) could delay, alter, or void the deal and therefore affect a company’s value and stock price.

Regulation FD Disclosure regulatory

"Item 7.01. Regulation FD Disclosure."

Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.

Emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

facilities-based provider financial

"Cogent is a facilities-based provider of low cost, high speed Internet access"

all-optical IP network technical

"Cogent’s facilities-based, all-optical IP network provides services in 306 markets globally."

FAQ

What transaction did Cogent Communications (CCOI) just complete?

Cogent Communications completed the sale of 10 data center facilities for $225 million in cash to an entity sponsored by I Squared Capital. The deal was executed through its indirect wholly owned subsidiary, Cogent Fiber, LLC, under a previously announced Purchase and Sale Agreement.

How much cash did Cogent Communications (CCOI) receive for the data center sale?

Cogent received an aggregate purchase price of $225 million in cash for selling 10 data center facilities. The buyer is a newly formed entity sponsored by I Squared Capital, and the transaction closed on June 29, 2026, as disclosed in the Form 8-K.

Which facilities did Cogent Communications (CCOI) sell in this transaction?

Cogent sold 10 data center facilities located in Phoenix, Anaheim, Burbank, Stockton, Atlanta, Chicago, Elkridge, Kansas City, Nashville and Houston. These facilities, along with certain personal property and customer contracts, were transferred to an entity sponsored by I Squared Capital for $225 million in cash.

Who bought Cogent Communications’ (CCOI) 10 data center facilities?

The 10 data center facilities were purchased by a newly formed entity sponsored by I Squared Capital. The sale was carried out under a Purchase and Sale Agreement with Cogent’s indirect wholly owned subsidiary, Cogent Fiber, LLC, and closed on June 29, 2026, for $225 million in cash.

Does Cogent Communications (CCOI) still operate its core network after the sale?

Yes. Cogent remains a facilities-based provider of low cost, high speed Internet access and private network services. Its all-optical IP network continues to provide services in 306 markets globally, despite the sale of 10 data center facilities to an entity sponsored by I Squared Capital.

How did Cogent Communications (CCOI) announce the closing of the data center sale?

Cogent announced the closing of the sale of 10 data center facilities in a press release dated June 29, 2026. This press release was furnished as Exhibit 99.1 to a Form 8-K under Regulation FD Disclosure and describes the $225 million cash transaction with an I Squared Capital–sponsored entity.

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Understanding 8-K Material Events →

Available on EDGAR 06/29/2026 - 04:29 PM Accepted by SEC EDGAR 06/29/2026 - 04:29 PM Learn about SEC filing dates

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 29, 2026

Cogent Communications Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware		000-51829		46-5706863
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

2450 N St. NW, Washington, D.C.		20037
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code:    202-295-4200

                                Not Applicable                                

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, par value $0.001 per share	CCOI	NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company   ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 7.01. Regulation FD Disclosure.

As previously announced, on May 22, 2026, Cogent Fiber, LLC, a Delaware limited liability company (the "Seller") and an indirect wholly owned subsidiary of Cogent Communications Holdings, Inc. (the "Company"), entered into a Purchase and Sale Agreement (the "Purchase Agreement") with an affiliate of I Squared Capital (the "Buyer"), providing for the sale by the Seller to the Buyer of 10 data center facilities (the "Facilities"), together with certain personal property and customer contracts located at each of the Facilities (such transactions contemplated by the Purchase Agreement, collectively, the "Transaction"). In accordance with the terms and conditions set forth in the Purchase Agreement, on June 29, 2026 (the "Closing Date"), the Seller completed the sale of the Facilities to the Buyer.

On the Closing Date, the Buyer consummated the Transaction pursuant to the terms of the Purchase Agreement, providing an aggregate purchase price of $225 million in cash.

On June 29, 2026, the Company issued a press release announcing the closing of the Transaction, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information contained in this Current Report on Form 8-K is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit  Number		Description
99.1		Press Release of Cogent Communications Holdings, Inc. dated June 29, 2026.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Cogent Communications Holdings, Inc.
June 29, 2026	By:	/s/ David Schaeffer
		Name: David Schaeffer
		Title:  President and Chief Executive Officer

Exhibit 99.1

FOR IMMEDIATE RELEASE

	Cogent Contacts:
	For Public Relations:		For Investor Relations:
	Jocelyn Johnson		John Chang
	+ 1 (202) 295-4299		+ 1 (202) 295-4212
	jajohnson@cogentco.com		investor.relations@cogentco.com

Cogent Communications Announces

Closing of Sale of 10 Data Center Facilities

WASHINGTON, D.C., June 29, 2026 – Cogent Communications Holdings, Inc. (“Cogent”) (NASDAQ: CCOI) today announced that its indirect wholly owned subsidiary, Cogent Fiber, LLC, has closed the previously announced sale of 10 data center facilities for an aggregate purchase price of $225 million in cash to a newly formed entity sponsored by I Squared Capital.

The 10 facilities are located in Phoenix, AZ, Anaheim, CA, Burbank, CA, Stockton, CA, Atlanta, GA, Chicago, IL, Elkridge, MD, Kansas City, MO, Nashville, TN and Houston, TX.

About Cogent

Cogent (NASDAQ: CCOI) is a facilities-based provider of low cost, high speed Internet access and private network services to bandwidth intensive businesses. Cogent’s facilities-based, all-optical IP network provides services in 306 markets globally.

Cogent is headquartered at 2450 N Street, NW, Washington, D.C. 20037. For more information, visit www.cogentco.com. Cogent can be reached in the United States at (202) 295-4200 or via email at info@cogentco.com.

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Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 7.1 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 2.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 33.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 21.8 KB