Cogent Communications sells 10 data centers for $224.2 million

Telecommunications operator Cogent Communications released its financial results for the second quarter of 2026. The company announced it sold ten of its data centers, generating $224.2 million in net proceeds and a $130.7 million gain from the sale.

Service revenue for the quarter was $235.6 million, a slight decrease from $239.2 million reported in the first quarter of 2026. On-net revenue, which includes wavelengths, contributed significantly to the company's overall revenue.

The sale of the data center facilities represents a one-time event that positively impacted the company's earnings. This strategic divestment could signal a shift in Cogent's business focus, potentially moving towards core services or freeing up capital for other investments.

The company's financial reporting adheres to industry standards. This quarter demonstrates a balance between ongoing service revenue and a one-time gain from the disposition of assets.