WASHINGTON (dpa-AFX) - Cogent Communications Holdings, Inc. (CCOI) has agreed to acquire T-Mobile's Wireline Business. In addition to the fiber network and related assets and customers, Cogent will acquire certain liabilities associated with the business.
Also, Cogent will offer IP transit services to T-Mobile for 54 months following the closing date and T-Mobile will pay Cogent $700 million for such services, with $350 million due in equal payments over the first 12 months after closing and $350 million due in equal payments over the remaining 42 months.
Cogent said it plans to maintain current dividend per share, which is expected to continue to increase over time.
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