Selling data, Cogent Communications agrees to sell 10 data centers for $225 million

Cogent Communications Holdings Inc. (NASDAQ: CCOI) announced that its subsidiary Cogent Fiber LLC has entered into a definitive agreement to sell 10 data center facilities for $225 million in cash to an entity sponsored by I Squared Capital.

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

Cogent Communications is a facilities-based provider of internet access and private network services that operates an all-optical IP network serving 306 markets globally. The company is headquartered in Washington, D.C.