secwatch.observer — SEC 8-K summary
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Issuer:     COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)
CIK:        0001158324
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001104659-23-055777
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cogent closes Sprint wireline acquisition; Q1 revenue $153.6M, dividend raised to $0.935
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- Acquisition of Sprint Wireline closed May 1; net payment of $61.1M to seller after working capital adjustment.
- T-Mobile to pay $700M over 5 years for IP transit services; transition services cost Cogent ~$1.7M monthly.
- Q1 service revenue $153.6M (+3% YoY); net income per share $0.13; EBITDA margin 36.5%.
- Regular quarterly dividend increased to $0.935 per share, 43rd consecutive quarterly increase.
- On-net connections 83,268 (+0.8% QoQ); on-net buildings 3,190 (+35 QoQ).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158324/000110465923055777/0001104659-23-055777-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158324/000110465923055777/tm2314350d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-055777

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer