Data Center

Cogent Communications to Sell 10 Data Centers to I Squared Capital

I Squared is acquiring the facilities for $225 million in cash.

Abby Larkin

May 27, 2026 — 1 min read

Photo of Gautam Bhandari, Co-founder, Managing Partner and Global Chief Investment Officer of I Squared Capital speaking at a panel at the Milken Institute Global Conference in 2025 from LinkedIn.

WASHINGTON, May 27, 2026 – Cogent Communications, a multinational Tier 1 Internet Service Provider based in Washington, D.C., has agreed to sell 10 data centers for $225 million in cash to I Squared Capital, a Miami-based global infrastructure investment firm with about $60 billion in assets.

The acquisition will help I Squared Capital create a new U.S. data center operating platform that focuses on high-density deployments, colocation and AI inference infrastructure, according to the press release.