Cogent Communications closes $225M sale of 10 data centers
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Price: $12.90 -0.23%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 8.8%
EPS Growth %: +19.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 8.8%
EPS Growth %: +19.8%
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Cogent Communications Holdings (NASDAQ: CCOI) announced that its indirect wholly owned subsidiary, Cogent Fiber, LLC, has completed the sale of 10 data center facilities for $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.
The information is based on a press release statement from Cogent Communications Holdings, Inc.
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