Cogent acquires UFO

Aug. 12, 2004
August 12, 2004 Washington, D.C. -- Tier 1 optical Internet service provider Cogent Communications Group Inc. announced today that it has acquired a majority of the assets of Unlimited Fiber Optics (UFO), an ISP based in San Francisco. Included in the assets are UFO's customer base and network.

August 12, 2004 Washington, D.C. -- Tier 1 optical Internet service provider Cogent Communications Group Inc. announced today that it has acquired a majority of the assets of Unlimited Fiber Optics (UFO), an ISP based in San Francisco. Included in the assets are UFO's customer base and network. UFO's customer base is comprised of data service customers and its network is comprised of fiber-optic facilities located in San Francisco, Los Angeles, and Chicago.

Cogent plans to migrate the customers onto Cogent's Tier 1 facilities-based backbone over the next 90 days. Most of UFO's points of presence are located in buildings in which Cogent already has a presence, which should make the transition easier and more cost effective to accomplish.

Cogent plans to use this acquisition to further augment its Point-to-Point Layer 2 Transport services announced earlier this year in Chicago, Dallas, New York, Washington, D.C., and San Francisco.

This marks Cogent's fourth acquisition this year and tenth acquisition overall. Financial terms are not disclosed.

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