Cogent Communications Holdings, Inc. (CCOI) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Cogent Communications Holdings Second Quarter 2026 Earnings Conference Call. As a reminder, this conference call is being recorded and it will be available for replay at www.cogentcall.com. A transcript of this conference call will be posted on Cogent's website when it comes available. Cogent's summary of financial and operational results attached to this press release can be downloaded from the Cogent website. I would now like to turn it over to Mr. Dave Schaeffer, Chairman and Chief Executive Officer of Cogent Communications Holdings, you may begin. Hey, thank you and good morning. Welcome to our second quarter 2026 earnings conference call. I'm Dave Schaeffer, Cogent's Chief Executive Officer, and with me on this morning's call is Tad Weed, our Chief Financial Officer. I'd like to focus on a few key events and significant matters that transpired in the quarter. I'd like to recognize these events and give you an update on these important matters. We have made significant progress in several areas. Our data center monetization, our net leverage reduction, our cost reduction and completion of various integration projects, the continued product rotation and a reduction in our capital lease payments and continued progress in the sale of wavelength services. First, for data centers and leverage. As we stated in our previous call, we intend to monetize 24 of the facilities that we acquired from and converted into data centers, either through the outright sale or leasing these facilities on a wholesale basis. In June, we closed on the sale of 10 of these former Sprint facilities that we had converted into data centers for total proceeds of $225 million. Thank you for joining us. and the remaining former Sprint facilities We are in negotiati...