Cogent Completes Conversion of Legacy Sprint Sites into Data Centers, Negotiates New Buyers
Cogent Communications has finished converting legacy Sprint switch sites into data centers but has canceled an initial sale agreement for two facilities. The proposed buyer requested over 50% financing from Cogent, which the company rejected. Cogent is now seeking other potential buyers, having received backup offers for the facilities. The company reported Q4 2025 revenue of $240.5 million and an annual revenue of $975.8 million.
Theia Market Signal Identification - AI Assisted
Cogent Communications has completed the conversion of legacy Sprint switch sites into data centers but has canceled a sale agreement for two facilities initially set to be sold for $144 million. The buyer's request for over 50% of the purchase price in owner financing was not acceptable to Cogent.
The company is now in discussions with multiple interested parties for other offers. Cogent's total revenue for Q4 2025 was $240.5 million, with annual revenue reaching $975.8 million and a quarterly EBITDA of $51.7 million.
Comments