Cogent Launches Notes Offering
Summary
Cogent Communications specializes in providing businesses with high speed Internet access, Ethernet transport, and colocation services. Cogent Communications facilities-based, all-optical IP network backbone provides services in over 200 markets globally. The statements in this release are based upon the current beliefs and expectations of Cogent Communications management and are subject to significant risks and uncertainties. Numerous factors could cause or contribute to such differences, including, among others, future economic instability in the global economy, which could affect spending on Internet services; the impact of changing foreign exchange rates (in particular the Euro to US dollar and Canadian dollar to US dollar exchange rates) on the translation of Cogent Communications non-US dollar denominated revenues, expenses, assets and liabilities; legal and operational difficulties in new markets; the imposition of a requirement that we contribute to the United States Universal Service Fund on the basis of Cogent Communications Internet revenue; changes in government policy and/or regulation, including rules regarding data protection, cyber security and net neutrality; increasing competition leading to lower prices for Cogent Communications services; Cogent Communications ability to attract new customers and to increase and maintain the volume of traffic on its network; the ability to maintain Cogent Communications Internet peering arrangements on favorable terms; Cogent Communications ability to renew its long-term leases of optical fiber that comprise its network; Cogent Communications reliance on an equipment vendor, Cisco Systems Inc., and the potential for hardware or software problems associated with such equipment; the dependence of Cogent Communications network on the quality and dependability of third-party fiber providers; Cogent Communications ability to retain certain customers that comprise a significant portion of its revenue base; the management of network failures and/or disruptions; outcomes in litigation; and risks related to the offering of the Notes, including that such transaction may not be consummated, as well as other risks discussed from time to time in Cogent Communications filings with the Securities and Exchange Commission, including, without limitation, Cogent Communications Annual Report on Form 10-K for the fiscal year ended December 31, 2018 and Cogent Communications Quarterly Report on Form 10-Q for the quarter ended March 31, 2019. Cogent Communications undertakes no duty to update any forward-looking statement or any information contained in this press release or in other public disclosures at any time.