Cogent Communications Holdings reported second quarter 2026 service revenue of $235.6 million, a decrease of 1.5% sequentially and 4.3% year-over-year. The company generated adjusted EBITDA of $71.1 million with a margin of 30.2%. A primary driver for the period was the sale of ten owned data centers, which yielded net proceeds of $224.2 million and a gain of $130.7 million. Cogent also repurchased $20.4 million par value of its 2032 secured notes at a discount during the quarter, with an additional $118.4 million purchased in July for a total gain of $13.4 million through month-end. The Board approved a regular quarterly dividend of $0.02 per share, payable on September 4, 2026 to shareholders of record on August 21, 2026. Cogent Communications Holdings operates in the telecommunications industry as a Tier 1 facilities-based ISP providing high-speed Internet access, Ethernet transport, and optical wavelength services.

Cogent Communications Holdings, Inc. completed the sale of 10 data center facilities, including personal property and customer contracts, through its subsidiary, Cogent Fiber, LLC, to an affiliate of I Squared Capital for an aggregate cash purchase price of $225 million on June 29, 2026. Cogent Communications Holdings, Inc. operates in the telecommunications industry and provides internet and data center services.

On June 15, 2026, Cogent Communications Holdings, Inc. entered into a First Supplemental Indenture to amend the terms of its 6.500% Senior Secured Notes due 2032. Key amendments include increasing the secured leverage ratio for the "ratio liens" basket from 4.00:1.00 to 4.75:1.00 and requiring that proceeds from certain data center sales be used to repurchase or retire existing indebtedness at a discount, with at least 50% dedicated to the 2032 Notes. The agreement also prohibits using these proceeds to increase restricted payment capacity and restricts the distribution or transfer of indefeasible rights of use (IRUs). The company operates in the telecommunications industry, providing internet connectivity and data services.