The divested sites span a broad geographic reach, encompassing locations in Phoenix, Anaheim, Burbank, Stockton, Atlanta, Chicago, Elkridge, Kansas City, Nashville, and Houston. By offloading these assets, Cogent continues to refine its business model, which centers on providing high-speed internet access and private network services to bandwidth-heavy commercial clients.
Cogent currently maintains an all-optical IP network serving 306 markets globally. This sale represents a significant liquidity event for the NASDAQ-listed firm, allowing it to streamline its operations while maintaining its core service delivery capabilities from its Washington headquarters.
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