Cogent Communications Holdings Inc

CCOI: XNAS (USA)
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Cogent: Data Center Sale Provides Needed Liquidity, but More Work Needs To Be Done

Cogent has agreed to sell 10 data centers, with 53 megawatts of installed power across 259,000 square feet, for $255 million. The deal covers about half the space Cogent hopes to sell. At about $4.8 million per megawatt, the sale price is about half the level management had expected a year ago.

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