WASHINGTON, May 1, 2023
/PRNewswire/ -- Cogent Communications Holdings, Inc. ("Cogent")
(NASDAQ: CCOI) today announced that it has closed the previously
announced acquisition of T-Mobile's Wireline Business.
The T-Mobile Wireline Business (formerly known as Sprint GMG)
offers the legacy Sprint U.S. long-haul network, a current customer
base who are a fit for Cogent's products and services, and a group
of experienced employees with the knowledge and capabilities to
execute the company's strategy.
About Cogent
Cogent (NASDAQ: CCOI) is a facilities-based provider of low
cost, high speed Internet access and private network services to
bandwidth intensive businesses. Cogent's facilities-based,
all-optical IP network provides services in 219 markets across 51
countries.
Cogent is headquartered at 2450 N Street, NW, Washington, D.C. 20037. For more information,
visit www.cogentco.com. Cogent can be reached in the United States at (202) 295-4200 or via
email at info@cogentco.com.
Except for historical information and discussion contained
herein, statements contained in this release constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements include,
but are not limited to, statements identified by words such as
"believes," "expects," "anticipates," "estimates," "intends,"
"plans," "targets," "projects" and similar expressions. These
forward-looking statements include, but are not limited to,
statements regarding benefits of the acquisition, integration plans
and expected synergies and anticipated future financial and
operating performance and results, including estimates for growth.
The statements in this release are based upon the current beliefs
and expectations of Cogent's management and are subject to
significant risks and uncertainties. Actual results may differ from
those set forth in the forward-looking statements. Numerous factors
could cause or contribute to such differences, including risks
related to the acquisition of T-Mobile's Wireline Business by
Cogent and related transactions, such as the risk that any
announcements relating to the transaction could have adverse
effects on the market price of Cogent's common stock; the risk that
the transaction and its consummation could have an adverse effect
on the ability of Cogent to retain customers, to retain and hire
key personnel or to maintain relationships with its suppliers and
customers and on its operating results and businesses generally;
the risk that problems may arise in successfully integrating the
businesses of the companies, which may result in the combined
company not operating as effectively and efficiently as expected;
the risk that the combined company may be unable to achieve
cost-cutting synergies or that it may take longer than expected to
achieve those synergies and other factors; and other risks
discussed from time to time in Cogent's filings with the Securities
and Exchange Commission, including, without limitation, Cogent's
Annual Report on Form 10-K for the year ended December 31, 2022. Cogent undertakes no duty to
update any forward-looking statement or any information contained
in this press release or in other public disclosures at any
time.
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SOURCE Cogent Communications Holdings, Inc.