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investment highlights Cogent is a leading global Internet Service . Provider. . Fundamentals provide for continued, consistent growth and profitability Independent, low-cost international network Network footprint targeted at high traffic locations Substantial network capacity; very high operating leverage with low capital intensity Proven ability to grow top line and drive margin exposure and cash flow growth Very strong balance sheet with high levels of liquidity Experienced management team cogent Smart People Buy Dumb Pipes 21

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