Cogent Communications to Sell 10 US Data Center Facilities to I Squared Capital for $225M

Deal Summary

Cogent Communications has signed a definitive agreement to sell ten data center facilities across major U.S. markets to an entity sponsored by I Squared Capital for $225 million in cash. The assets total about 259,000 square feet of colocation space and 53 MW of power. The transaction is expected to close after June 12 2026, pending regulatory approvals.