Cogent Acquires LambdaNet Spain & LambdaNet France

Cogent Communications has acquired LambdaNet Communications France and LambdaNet España. Financial terms were not disclosed. LambdaNet is the current trade name for what was previously Firstmark Communications, a large pan-European carrier's carrier offering point-to-point and Internet connectivity solutions to businesses. Immediately preceding Cogent's acquisition, LambdaNet Spain and LambdaNet France both received new equity investments from a group of private equity investors based in Europe and the U.S.. These investors will become shareholders of the combined company.


Cogent will continue to support LambdaNet's product suite including point- to-point transport and transit services in over 40 markets and almost 30 Cogent-owned data centers across Europe. Cogent will also introduce in Europe a new set of "radically priced" products and services based on Cogent's current North American product set.


As a result of the acquisition, Cogent's North American network now extends across the Atlantic to France, Spain, United Kingdom, Belgium, Luxemburg, Netherlands, Portugal and Switzerland. http://www.cogent-sp.comhttp://www.lambdanet.net