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.
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Insights
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
Key Figures
Key Terms
Purchase and Sale Agreement financial
Regulation FD Disclosure regulatory
Emerging growth company regulatory
facilities-based provider financial
all-optical IP network technical
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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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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