Smart People Buy Dumb Pipes
cogent
Smart People
Buy Dumb Pipes
proven integration execution
Cogent purchased
$14 BILLION of
original
investment for
$60 MILLION.
(Fiber Network Solutions, hc) FNSI
Date
Original
Investment
PP&E
NetRail
Sep 2001
$180
$35
Allied Riser
Feb 2002
$590
$335
PSINet*
Apr 2002
$5,180
$2,175
Feb. 2003
$30
$5
Firstmark
Jan 2004
$1,100
$560
Carrier 1*
Mar 2004
$1,035
$535
UFO Group
Aug 2004
$25
$5
Global Access
Sep 2004
$10
$5
Aleron Broadband
Oct. 2004
$200
$5
Verio*
Dec 2004
$5,700
$390
TOTAL ($ in millions)
$14,050
$4,050
*Purchased the majority of assets of these companies.
This list does not include Applied Theory, FiberCity Networks, OnSite Access, Last Mile Connections, PacWest, and ANet.
14
Network
Peering
Customers
Building
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