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MarketBeat

Cogent Communications Sees Data Center Sale Easing Debt Fears, Reviving Capital Returns

Cogent Communications (NASDAQ:CCOI) Chief Executive Dave Schaeffer said the company’s planned sale of 10 data centers to I Squared Capital is part of a broader effort to reduce leverage, address concerns around its 2027 notes and eventually restart a more aggressive return-of-capital program.

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