Data Center News

Read Lightmatter officially becomes a unicorn
Lightmatter officially becomes a unicorn

Lightmatter officially becomes a unicorn

December 19, 2023 Boston

Photonic computing company Lightmatter has now been crowned a Unicorn, raising $155 million at a $1.2 billion valuation. This funding is part of the series C investment round, which helped the company raise $154 million in May, successfully tripling the company’s value at the time. Overall,...

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Read 45 Sprint switch facilities to be converted into colo data centers by Cogent
45 Sprint switch facilities to be converted into colo data centers by Cogent

45 Sprint switch facilities to be converted into colo data centers by Cogent

August 22, 2023 Cogent Communications

Cogent Communications intends to transform the former Sprint switching plant real estate footprint acquired from T-Mobile into a substantial colocation data center portfolio. T-Mobile announced in September 2022 that it had agreed to sell its Wireline business to Cogent for a symbolic $1, with...

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Read T-Mobile Sells Data Center and Wireline Business to Cogent for $1
T-Mobile Sells Data Center and Wireline Business to Cogent for $1

T-Mobile Sells Data Center and Wireline Business to Cogent for $1

September 26, 2022 Cogent Communications

Cogent Communications Holdings has acquired T-Mobile’s wireline business for $1 billion. In addition, T-Mobile expects to have a pre-tax charge of $1 billion from selling the unit to Cogent. T-Mobile will also pay Cogent $350m in the first 1 year of closing the deal and another $350m over the...

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Read Triple Double and Stonerock Capital Partners Acquire Two Properties in Miami Including a Cogent-occupied Facility
Triple Double and Stonerock Capital Partners Acquire Two Properties in Miami Including a Cogent-occupied Facility

Triple Double and Stonerock Capital Partners Acquire Two Properties in Miami Including a Cogent-occupied Facility

May 09, 2022 Cogent Communications

Stonerock Capital Partners and Triple Double have completed the acquisition of two properties in downtown Miami. The properties are located at 200 SE 1st Street and 44 W. Flagler Street. They paid $56.7 million for both properties. The 200 SE 1st property is a 12-story, 13,200 square meter...

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