Smart People Buy Dumb Pipes

large & growing addressable market Our broad network reach results in a plentiful addressable market. cogent Smart People Buy Dumb Pipes • • Corporate services are sold On-Net in MTOBS Existing Potential Existing Existing Customers Connections Customers Buildings in MTOBS* in MTOBS in MTOBS Market % On-Net 1,817 92,667 37,829 13,367 14.4% * Assumes 51 tenants per building Cogent is able to sell Off-Net connections in 4MM buildings through over 90 carrier relationships for fiber delivery Connectivity is sold to Netcentric customers in 50 countries 'Content': CDNs, OTTS/Streamers, Gaming 'Eyeballs': 7,560+ Access Networks: ISPS, PTTS, Cable, Mobile 7

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