M&A Deal Summary

Cogent Acquires T-Mobile - Wireline Business

On September 7, 2022, Cogent acquired communications company T-Mobile - Wireline Business from T-Mobile US

Acquisition Highlights
  • This is Cogent’s 12th transaction in the Communications sector.
  • This is Cogent’s 10th transaction in the United States.
  • This is Cogent’s 1st transaction in Washington.

M&A Deal Summary
Date 2022-09-07
Target T-Mobile - Wireline Business
Sector Communications
Buyer(s) Cogent
Sellers(s) T-Mobile US
Deal Type Divestiture

Target

T-Mobile - Wireline Business

Bellevue, Washington, United States
T-Mobile's Wireline Business offers the legacy Sprint U.S. long-haul network that provides an owned network asset to complement and eventually replace Cogent's current leased network and provides the ability to expand its product set, including the sales of optical wave transport services to new and existing customers.

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Buyer(S) 1

Buyer

Cogent

Washington, District of Columbia, United States
Category Company
Founded 1999
Sector Communications
Employees1,955
Revenue 941M USD (2023)
DESCRIPTION

Cogent is an optical ISP focused on delivering ultra-high-speed Internet access and transport services to businesses in the multi-tenant marketplace. Cogent was founded in 1999 and is based in Washington, District of Columbia.

DEAL STATS #
Overall 12 of 12
Sector (Communications) 12 of 12
Type (Divestiture) 3 of 3
State (Washington) 1 of 1
Country (United States) 10 of 10
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-03 Verio - T-1 Internet Access Customers

Englewood, Colorado, United States

Verio's T-1 Internet Access Customers include more then 2,400 customers across 23 markets.

Buy -

Seller(S) 1

SELLER

T-Mobile US

Bellevue, Washington, United States
Category Company
Founded 1944
Sector Communications
Employees67,000
Revenue 78.6B USD (2023)
DESCRIPTION
T-Mobile office in Parsippany, New Jersey.
T-Mobile office in Parsippany, New Jersey.

T-Mobile US is a provider of wireless communications services, including voice, messaging and data to customers in the postpaid, prepaid, and wholesale markets. T-Mobile USA provides services, devices and accessories across its brands, T-Mobile and MetroPCS, through Company owned and operated retail stores, third party distributors and its websites. T-Mobile US was founded in 1994 and is based in Bellevue, Washington.

DEAL STATS #
Overall 3 of 3
Sector (Communications) 1 of 1
Type (Divestiture) 3 of 3
State (Washington) 2 of 2
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Octopus Interactive

Bethesda, Maryland, United States

Octopus Interactive helps brands reach audiences through video ads presented on screens inside rideshare vehicles, providing marketers a new way to reach consumers, and its impact is growing rapidly. Octopus Interactive was founded in 2018 and is headquartered in Bethesda, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-15 Mint Mobile

Costa Mesa, California, United States

Mint Mobile is a direct-to-consumer (D2C) prepaid wireless brand in the U.S. that also includes Ultra Mobile, a unique wireless service offering international calling options to communities across the country; and wholesaler Plum. Mint Mobile is based in Costa Mesa, California.

Buy $1.3B
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