Cogent Communications to Sell 10 Data Centers for $225 Million

May 26, 2026
Cogent Communications has agreed to sell 10 of its data center facilities for $225 million in cash to an entity backed by I Squared Capital. The deal is expected to close by mid-June 2026, pending regulatory approval.

Cogent Communications has entered into a definitive agreement to sell 10 data center facilities for $225 million in cash to a newly formed entity sponsored by I Squared Capital, announced in a press release.

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

Cogent Fiber, a wholly owned subsidiary of Cogent, is the entity executing the sale. Cogent provides high speed internet access and private network services to businesses across 306 markets worldwide and is headquartered in Washington, D.C.

We hope you enjoyed this article.

Consider subscribing to one of our newsletters like Enterprise AI Brief, Silicon Brief or Daily AI Brief.

Also, consider following us on social media:

Enterprise AI AI Chips & Datacenters AI Brief AI Brief (X)

More from: Enterprise

05/26
DXC Completes Cloud Migration for Telenor Sweden Customer Service
05/26
VNET Group Reports 20% Revenue Growth in Q1 2026, Driven by Wholesale Data Center Expansion
05/26
Check Point Report Finds Major AI Security Enforcement Gap in Enterprises
05/26
Silicom Wins $5 Million Annual Design Deal for White Label Switch Family
05/26
Skymizer and VIA NEXT Partner on AI Inference and Chiplet Integration

More from: Data Centers

05/26
VNET Group Reports 20% Revenue Growth in Q1 2026, Driven by Wholesale Data Center Expansion
05/26
Silicom Wins $5 Million Annual Design Deal for White Label Switch Family
05/26
Skymizer and VIA NEXT Partner on AI Inference and Chiplet Integration
05/26
Schneider Electric Delivers $290 Million AI Infrastructure to TeraWulf’s Lake Mariner Campus
05/26
Tamnoon Expands Cloud Security Platform with Skill-Based Remediation

Subscribe to Silicon Brief

Weekly coverage of AI hardware developments including chips, GPUs, cloud platforms, and data center technology.

AI Token Webinar

Industry analysis

2025 Global Business Services Agenda: Gen AI Takes Center Stage

The Hackett Group

This industry analysis by The Hackett Group explores the transformative impact of generative artificial intelligence (Gen AI) on global business services (GBS) in 2025. The study highlights the shift from exploration to acceleration of Gen AI initiatives, with 89% of executives advancing these projects to improve customer satisfaction, innovate products, and reduce costs. The report also discusses the challenges and strategies for successful Gen AI adoption, emphasizing the need for a technology-enabled operating model and the importance of reskilling the workforce.

Read more

You May Also Like