Cogent Communications

Q1 2023 Financial Highlights

On May 1, 2023 Cogent completed its acquisition of the U.S. long-haul fiber network (including the non-U.S. extensions thereof) of the wireline business of Sprint Communications and its subsidiaries (“Sprint”).
Cogent approved an increase of $0.01 per share to its regular quarterly dividend for a total of $0.935 per share for Q2 2023 as compared to $0.925 per share for Q1 2023 – Cogent’s forty-third consecutive quarterly dividend increase.
- The Q2 2023 $0.935 dividend per share represents an annual increase of 6.3% from the dividend per share of $0.880 for Q2 2022.
Service revenue increased from Q4 2022 to Q1 2023 by 1.1% to $153.6 million and increased from Q1 2022 to Q1 2023 by 3.0%.
- Service revenue, on a constant currency basis, increased from Q4 2022 to Q1 2023 by 0.2% and increased from Q1 2022 to Q1 2023 by 4.0%.
Net cash provided by operating activities was $35.8 million for Q1 2023.
Sprint acquisition costs were $0.4 million for Q1 2023.
EBITDA margin, including the impact of $0.4 million of Sprint acquisition costs for Q1 2023 was 36.5%.
- EBITDA, excluding the impact of $0.4 million of Sprint acquisition costs for Q1 2023 was 36.8%.

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Most Recent News

May 25, 2023
Cogent Communications CEO to Present at Two Upcoming Conferences

May 9, 2023
Cogent Communications CEO to Present at Two Upcoming Conferences

May 4, 2023
Cogent Communications Closes its Acquisition of the Sprint Wireline Business, Reports First Quarter 2023 Results and Increases its Regular Quarterly Dividend on its Common Stock

May 1, 2023
Cogent Communications Announces Closing of Acquisition of T-Mobile’s Wireline Business

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Cogent Communications

Cogent est l'un des plus grands opérateurs Internet au monde, offrant des services Internet, Ethernet et de Colocation de qualité sur plus de 97.427 connexions clients Entreprises et NetCentric, dans 51 pays et plus de 219 agglomérations, sur son réseau IP optique d'infrastructure de dernière génération.

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