Cogent Communications has acquired rights to the dark fiber and other network assets that were once part of Carrier1 International S.A., through a merger with Symposium Omega, Inc., which had raised $19.5 million from investors and acquired rights to this network. Symposium Omega acquired the network from GLH GmbH, a German company that purchased the assets directly from Carrier1 after Carrier1 filed for insolvency in Germany. As a result of the acquisition, Cogent will add 14 German markets to its pan-European network including, Berlin, Hamburg, Frankfurt and Munich, making Cogent's one of the largest network footprints in the region.
Cogent has already connected LambdaNet France and Spain to its U.S. based network and is completing the consolidation of all traffic to one Autonomous System number. U.S. customers have already been consolidated to AS174. Consolidation to one AS means no network hops for Internet traffic traveling anywhere on the Cogent network whether it is European- or American-bound. http://www.cogentco.com
- In January 2004, Cogent Communications 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.
