Cogent Communications

GTA Announces $200 Million Strategic Investment from Stonepeak

Retrieved on: 
Monday, December 18, 2023
Telecommunications, Networks, Internet, Finance, Asset Management, Data Management, Professional Services, Technology, HFI, Senior, Sidley Austin, Internet service provider, Multimedia, Digital divide, GTA, Cogent Communications, COVID, Lazard

TeleGuam Holdings, LLC ("GTA"), Guam’s leading digital infrastructure provider of broadband, wireless, data center, and subsea cable landing services, and Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that they have reached an agreement whereby Stonepeak will provide up to a $200 million strategic growth investment to GTA.

Key Points: 
  • TeleGuam Holdings, LLC ("GTA"), Guam’s leading digital infrastructure provider of broadband, wireless, data center, and subsea cable landing services, and Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that they have reached an agreement whereby Stonepeak will provide up to a $200 million strategic growth investment to GTA.
  • The investment will be structured as primary capital and Huntsman Family Investments and its affiliates ("HFI") will continue to be the majority owner of GTA and operate the asset.
  • Despite the challenges of COVID and Typhoon Mawar, our GTA team has been steadfast in working towards that goal.
  • Bryan Cave Leighton Paisner LLP is serving as legal counsel to HFI and GTA, and Sidley Austin LLP is serving as legal counsel to Stonepeak.

Cogent Communications Reports Third Quarter 2023 Results and Increases its Regular Quarterly Dividend on its Common Stock

Retrieved on: 
Thursday, November 9, 2023
Cogent Communications, Tax, Internet access, EBITDA, GAAP, Acquisition, T-Mobile, City, COVID-19, Webcast, Wavelength, Depreciation, Annual report, IP, Finance, Beauty salon, Bank, Bookkeeping, Holding company, Cryptocurrency, Music, Rare-earth element, Sprint, Cogent

WASHINGTON, Nov. 9, 2023 /PRNewswire/ -- Cogent Communications Holdings, Inc. (NASDAQ: CCOI) ("Cogent") today announced service revenue of $275.4 million for the three months ended September 30, 2023, an increase of 14.9% from the three months ended June 30, 2023 and an increase of 83.6% from the three months ended September 30, 2022. Foreign exchange rates had no material impact on service revenue growth from the three months ended June 30, 2023 to the three months ended September 30, 2023 and positively impacted service revenue growth from the three months ended September 30, 2022 to the three months ended September 30, 2023 by $1.8 million. On a constant currency basis, service revenue increased by 14.9% from the three months ended June 30, 2023 to the three months ended September 30, 2023 and increased by 82.4% for the three months ended September 30, 2022 to the three months ended September 30, 2023.

Key Points: 
  • Cogent approved an increase of $0.01 per share to its regular quarterly dividend for a total of $0.955 per share for Q4 2023 as compared to $0.945 per share for Q3 2023 – Cogent's forty-fifth consecutive quarterly dividend increase.
  • GAAP gross margin was 20.8% for the three months ended June 30, 2023 and was 5.5% for the three months ended September 30, 2023.
  • Non-GAAP gross margin was 42.8% for the three months ended June 30, 2023 and was 37.1% for the three months ended September 30, 2023.
  • EBITDA margin was 10.1% for the three months ended June 30, 2023 and was 15.8% for the three months ended September 30, 2023.

Convera Completes Migration to AWS to Deliver Faster Payments Network and Enhance Customer Experience

Retrieved on: 
Thursday, October 12, 2023
Professional Services, Payments, Data Management, Technology, Software, Fintech, Investment, AWS, Code, Automation, Cogent Communications, Small business, Growth, Convera Corporation, Maintenance, Agility, Friction of distance, Non-governmental organization, Online shopping, Cryptocurrency

Convera , a leading global B2B payments Fintech, today announced the company successfully completed the migration of its payments network and customer services to Amazon Web Services, Inc. (AWS).

Key Points: 
  • Convera , a leading global B2B payments Fintech, today announced the company successfully completed the migration of its payments network and customer services to Amazon Web Services, Inc. (AWS).
  • Reporting over half a billion in annual revenue, Convera continues to deliver record results.
  • Convera customers will benefit from:
    Enhanced customer experience: Sixty-four percent decrease in patching time and reduction in human intervention due to automation.
  • “This exciting development positions Convera to innovate and grow into a digital future,” said Patrick Gauthier, CEO at Convera.

Cogent Communications Reports Second Quarter 2023 Results Including the Sprint Wireline Business, Records a $1.2 Billion Gain on Bargain Purchase, Records Basic Earnings per Share of $23.84 and Increases its Regular Quarterly Dividend on its Common Stock

Retrieved on: 
Thursday, August 10, 2023
Sprint Corporation, ASC, COVID-19, TMUS, Tax, GAAP, Finance, IP, Element, EBITDA, Wavelength, Acquisition, Annual report, Internet access, Webcast, Depreciation, T-Mobile, Cogent Communications, Network equipment provider, Holding company, Beauty salon, Retail, Clothing, Cryptocurrency, Bank, Life insurance, Cogent, Sprint

WASHINGTON, Aug. 10, 2023 /PRNewswire/ -- Cogent Communications Holdings, Inc. (NASDAQ: CCOI) ("Cogent") today announced service revenue of $239.8 million for the three months ended June 30, 2023, an increase of 56.1% from the three months ended March 31, 2023 and an increase of 61.5% from the three months ended June 30, 2022. Foreign exchange rates positively impacted service revenue growth from the three months ended March 31, 2023 to the three months ended June 30, 2023 by $0.4 million and positively impacted service revenue growth from the three months ended June 30, 2022 to the three months ended June 30, 2023 by $0.3 million. On a constant currency basis, service revenue increased by 55.9% from the three months ended March 31, 2023 to the three months ended June 30, 2023 and increased by 61.4% for the three months ended June 30, 2022 to the three months ended June 30, 2023. Service revenue from the Wireline Business was $78.0 million from May 1, 2023 (the closing date of the Sprint acquisition) to June 30, 2023.

Key Points: 
  • Service revenue from the Wireline Business was $78.0 million from May 1, 2023 to June 30, 2023.
  • Service revenue from the Wireline Business was $78.0 million from May 1, 2023 (the closing date of the Sprint acquisition) to June 30, 2023.
  • On-net revenue from the Wireline Business was $4.1 million from May 1, 2023 (the closing date of the Sprint acquisition) to June 30, 2023.
  • Off-net revenue from the Wireline Business was $63.9 million from May 1, 2023 (the closing date of the Sprint acquisition) to June 30, 2023.

Cogent selects GTA’s GNC Data Center for Guam Point of Presence

Retrieved on: 
Tuesday, August 8, 2023
Data Management, Technology, Mobile, Wireless, Telecommunications, Networks, Internet, Internet access, Partnership, Cogent Communications, Data center, Internet service provider, Pop, ISP, GTA, SDH, Multimedia, IP, IPTV, SONET, Environment, LTE

GTA, the leading telecommunications provider in Guam, has announced that the GTA GNC Data Center is now a strategic point of presence (PoP) for Cogent Communications, one of the world’s largest Internet Service Providers (ISPs).

Key Points: 
  • GTA, the leading telecommunications provider in Guam, has announced that the GTA GNC Data Center is now a strategic point of presence (PoP) for Cogent Communications, one of the world’s largest Internet Service Providers (ISPs).
  • We are excited about the opportunities this partnership presents.”
    “We are thrilled to welcome Cogent to GTA’s GNC Data Center,” said Roland Certeza, President, and CEO of GTA.
  • GTA operates a data center on Guam offering a secure, managed environment for customers who need an alternative site for business data storage.
  • The company also runs Guam’s first locally owned cable landing station and data center in Piti.

The UK: Existing & Upcoming Data Center Portfolio 2023

Retrieved on: 
Tuesday, May 23, 2023
Cloud, CyrusOne, ONI, Business Integration Group, Inc., Infinity, CMI, Rackspace Technology, Digital Realty, Blue chip, Next Generation Data Communications, GTP, Aptum Technologies, Square, Fujitsu, Telehouse Europe, SCC, Iron Mountain, WRN Broadcast, Cogent Communications, Data, Lumen Technologies, HostDime, AIMES, GTT, Sungard Availability Services, Information technology, Mobile phone, Timico, Bunker, Equinix, ITIL security management, Ionos, Telstra

Equinix, VIRTUS Data Centres, Digital Realty, Ark Data Centres, NTT Global Data Centers, Vantage Data Centers (Next Generation Data), Telehouse, Global Switch, Colt Data Centre Services, Infinity SDC, CyrusOne, Ascendas (Digital Realty), Kao Data, Rackspace Technology, Cxytera Technologies, SunGard Availability Services, Iron Mountain, Keppel Data Centres, Pulsant, Stellium Datacenters, ServerChoice, Proximity Data Centres, IOMART, China Mobile International (CMI), ServerHouse, Fujitsu, Lumen Technologies, Trinity DC, LDeX, SCC, DataVita, Ionos, GTT( I Squared), Node4, Volta Data Centres, Six Degrees, Telstra, SilverEdge DC, Amito, HostDime, Fulcrum Data Systems, Lincoln Rackhouse, UKFast, The Bunker, Datum Datacentres, Redcentric, Aptum, Host-IT, THG Hosting, Clouvider, Redwire DC, 4D Data Centres, MIGSOLV, DataBank, AQL Data Center, Indectron Evoque Data Center Solutions, Hardy Fisher Services, Custodian Data Centres, Sovereign Business Integration Group, OOSHA, Teledata, brightsolid, Blue Chip, Netwise, Hosting, AIMES, DATANET.CO.UK, Itility, GTP 3 Data Center, IP House, Aegis One, Daisy Corporate Services, IFB, Centrilogic, Wildcard Networks, ONI plc, ASK4, Datacentreplus, Safe Hosts Internet, Cogent Communications, Hosting-UK, Clearstream Technology, Timico, Legend Telecom, WRN Broadcast, Cloud Innovation Limited.

Key Points: 
  • Equinix, VIRTUS Data Centres, Digital Realty, Ark Data Centres, NTT Global Data Centers, Vantage Data Centers (Next Generation Data), Telehouse, Global Switch, Colt Data Centre Services, Infinity SDC, CyrusOne, Ascendas (Digital Realty), Kao Data, Rackspace Technology, Cxytera Technologies, SunGard Availability Services, Iron Mountain, Keppel Data Centres, Pulsant, Stellium Datacenters, ServerChoice, Proximity Data Centres, IOMART, China Mobile International (CMI), ServerHouse, Fujitsu, Lumen Technologies, Trinity DC, LDeX, SCC, DataVita, Ionos, GTT( I Squared), Node4, Volta Data Centres, Six Degrees, Telstra, SilverEdge DC, Amito, HostDime, Fulcrum Data Systems, Lincoln Rackhouse, UKFast, The Bunker, Datum Datacentres, Redcentric, Aptum, Host-IT, THG Hosting, Clouvider, Redwire DC, 4D Data Centres, MIGSOLV, DataBank, AQL Data Center, Indectron Evoque Data Center Solutions, Hardy Fisher Services, Custodian Data Centres, Sovereign Business Integration Group, OOSHA, Teledata, brightsolid, Blue Chip, Netwise, Hosting, AIMES, DATANET.CO.UK, Itility, GTP 3 Data Center, IP House, Aegis One, Daisy Corporate Services, IFB, Centrilogic, Wildcard Networks, ONI plc, ASK4, Datacentreplus, Safe Hosts Internet, Cogent Communications, Hosting-UK, Clearstream Technology, Timico, Legend Telecom, WRN Broadcast, Cloud Innovation Limited.

Cogent Communications Closes its Acquisition of the Sprint Wireline Business, Reports First Quarter 2023 Results and Increases its Regular Quarterly Dividend on its Common Stock

Retrieved on: 
Thursday, May 4, 2023
Edmonton Transit Service, Sprint Corporation, Sprint, Failure, International, Information technology, COVID-19, Tax, GAAP, Finance, IP, Date, EBITDA, Sales management, Acquisition, Annual report, Internet access, Webcast, Power purchase agreement, Depreciation, Maintenance, Growth, T-Mobile, TSA, Cogent Communications, Network equipment provider, Holding company, Cryptocurrency, Internet service provider, Bank, Commercial property, Tourism, Cogent, Sales

WASHINGTON, May 4, 2023 /PRNewswire/ -- Cogent Communications Holdings, Inc. (NASDAQ: CCOI) ("Cogent") today announced service revenue of $153.6 million for the three months ended March 31, 2023, an increase of 1.1% from the three months ended December 31, 2022 and an increase of 3.0% from the three months ended March 31, 2022. Foreign exchange rates positively impacted service revenue growth from the three months ended December 31, 2022 to the three months ended March 31, 2023 by $1.3 million and negatively impacted service revenue growth from the three months ended March 31, 2022 to the three months ended March 31, 2023 by $1.6 million. On a constant currency basis, service revenue increased by 0.2% from the three months ended December 31, 2022 to the three months ended March 31, 2023 and increased by 4.0% for the three months ended March 31, 2022 to the three months ended March 31, 2023.

Key Points: 
  • The Q2 2023 $0.935 dividend per share represents an annual increase of 6.3% from the dividend per share of $0.880 for Q2 2022.
  • On-net service is provided to customers located in buildings that are physically connected to Cogent's network by Cogent facilities.
  • EBITDA margin, including Sprint acquisition costs, was 36.5% for the three months ended March 31, 2023.
  • EBITDA margin, excluding Sprint acquisition costs, was 36.8% for the three months ended March 31, 2023.

Cogent Communications Reports Fourth Quarter and Full Year 2022 Results and Increases its Regular Quarterly Dividend on its Common Stock

Retrieved on: 
Thursday, February 23, 2023
EBITDA, Finance, Depreciation, Annual report, Classification, Maintenance, GAAP, Acquisition, Webcast, Growth, Tax, Universal Service Fund, Cogent Communications, COVID-19, Holding company, Cryptocurrency, Bank, Video game, Sprint, Cogent

WASHINGTON, Feb. 23, 2023 /PRNewswire/ -- Cogent Communications Holdings, Inc. (NASDAQ: CCOI) ("Cogent") today announced service revenue of $152.0 million for the three months ended December 31, 2022, an increase of 1.3% from the three months ended September 30, 2022 and an increase of 3.2% from the three months ended December 31, 2021. Foreign exchange rates did not materially impact service revenue growth from the three months ended September 30, 2022 to the three months ended December 31, 2022, negatively impacted service revenue growth from the three months ended December 31, 2021 to the three months ended December 31, 2022 by $3.4 million and negatively impacted service revenue growth from the year ended December 31, 2021 to the year ended December 31, 2022 by $13.1 million.  On a constant currency basis, service revenue increased by 1.3% from the three months ended September 30, 2022 to the three months ended December 31, 2022, increased by 5.5% for the three months ended December 31, 2021 to the three months ended December 31, 2022 and increased by 3.9% from the year ended December 31, 2021 to the year ended December 31, 2022.

Key Points: 
  • On a constant currency basis, service revenue increased by 1.3% from the three months ended September 30, 2022 to the three months ended December 31, 2022, increased by 5.5% for the three months ended December 31, 2021 to the three months ended December 31, 2022 and increased by 3.9% from the year ended December 31, 2021 to the year ended December 31, 2022.
  • On-net revenue was $114.9 million for the three months ended December 31, 2022; an increase of 1.5% from the three months ended September 30, 2022 and an increase of 3.8% from the three months ended December 31, 2021.
  • GAAP gross margin was 47.0% for the three months ended December 31, 2022 and 46.6% for the year ended December 31, 2022.
  • Non-GAAP gross margin was 62.6% for the three months ended December 31, 2022, and 62.0% for the year ended December 31, 2022.

Climate Technology Startup Platform URBAN-X by MINI Launches Newest Cohort

Retrieved on: 
Thursday, September 15, 2022
Software, Other Energy, Professional Services, Sustainability, Energy, Technology, Environment, Data Analytics, Green Technology, Engineering, Chemicals, Plastics, Climate Change, Manufacturing, CYBR, Public, Cohort, JVP, Engineering, Climate, City, HFC, BMW, Organization, Acquisition, Jerusalem Venture Partners, Growth, Partnership, Climate change, MINI, VC, Facebook, Technology, Quality of life, Heat, Solution, Mini, NASDAQ, Preqin, Built environment, BMW Group Plant Dingolfing, Marketing, International, Cogent Communications, Cryptocurrency, Agriculture, Transport, Heating, ventilation, and air conditioning, LLC

URBAN-X , the platform by MINI for climate and urban technology startups, in partnership with leading venture capital firm Jerusalem Venture Partners (JVP), today announced five new early stage startups that will be participating in its 11th cohort.

Key Points: 
  • URBAN-X , the platform by MINI for climate and urban technology startups, in partnership with leading venture capital firm Jerusalem Venture Partners (JVP), today announced five new early stage startups that will be participating in its 11th cohort.
  • The launch of Cohort 11 comes after a kick-off for the International ClimateTech Center at Margalit Startup City NYC.
  • The MINI USA sales organization is represented by a network of 105 MINI passenger car dealers located throughout the US.
  • MINI USA began selling vehicles in the U.S. in 2002 with the introduction of the MINI Cooper and MINI Cooper S Hardtops.

Cogent Announces Definitive Agreement to Acquire T-Mobile's Wireline Business

Retrieved on: 
Wednesday, September 7, 2022
MPLS, Security (finance), Morgan Stanley, Piper, View, NASDAQ, LLP, Solution, DLA Piper, T-Mobile, DLA, Internet access, EDT, MPLS VPN, SD, U.S. Securities and Exchange Commission, Multimedia, Cogent Communications, Attempted purchase of T-Mobile USA by AT&T, Latham & Watkins, IP, Knowledge, Risk, Webcast, Annual report, Private Securities Litigation Reform Act, Acquisition, Growth, PIN, Event, Bank, Cogent, NW

WASHINGTON, Sept. 7, 2022 /PRNewswire/ -- Cogent Communications Holdings, Inc. (NASDAQ: CCOI) ("Cogent") announced today that it has entered into a definitive agreement to acquire T-Mobile's Wireline Business.

Key Points: 
  • WASHINGTON, Sept. 7, 2022 /PRNewswire/ -- Cogent Communications Holdings, Inc. (NASDAQ: CCOI) ("Cogent") announced today that it has entered into a definitive agreement to acquire T-Mobile's Wireline Business.
  • For Cogent, acquisition of T-Mobile's Wireline Business is expected to be an ideal strategic fit with its existing business.
  • As part of the agreement, in addition to the fiber network and related assets and customers, Cogent will acquire certain liabilities associated with the business.
  • Cogent also expects to facilitate the migration of netcentric internet access customers from the T-Mobile Wireline Business (legacy Sprint) AS1239 to Cogent's AS174.