Cogent Communications Focuses on Data Center Sales and AI Demand to Drive Deleveraging
Cogent Communications is prioritizing deleveraging by selling data centers and expanding margins, aiming to reduce net leverage from 6.7x toward 4x. The company has identified 24 large facilities for divestiture, with purchase agreements already in place on 10 of them expected to close soon.
Tickers: $CCOI
Topics: AI demand data centers deleveraging Sprint acquisition