Cogent Communications Sells 10 U.S. Data Centers to I Squared Capital for $225 Million
By
Ray Sharma
Summary
Cogent Communications has completed the sale of 10 data center facilities to an entity sponsored by I Squared Capital for $225 million in cash. The data centers are located across major U.S. markets including Phoenix, Anaheim, Burbank, Stockton, Atlanta, Chicago, Elkridge, Kansas City, Nashville, and Houston. The sale was executed through Cogent's indirect wholly owned subsidiary, Cogent Fiber LLC, and is part of the company's previously announced divestiture plan, reflecting ongoing activity in the data center infrastructure market.
Source
bskyCogent Communications Sells 10 U.S. Data Centers to I Squared Capital for $225 Millionthefastmode.comKey quotes
· 3 pulledCogent Communications Holdings has completed the sale of 10 data center facilities to a newly formed entity sponsored by I Squared Capital in a cash deal valued at $225 million.
The transaction, finalized through Cogent's indirect wholly owned subsidiary, Cogent Fiber LLC, includes data centers located across major U.S. markets: Phoenix, Anaheim, Burbank, Stockton, Atlanta, Chicago, Elkridge, Kansas City, Nashville, and Houston.
The divestiture is part of Cogent's previously announced plan and reflects continued activity in the data center infrastructure market.
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