Cogent picks up PSInet

Wed Feb 27 17:13:01 UTC 2002

It's always good to know they can screw up something as simple as Cogents
URL.  That is, unless an outsource investment organization has decided to
expand their services.

Mike

On Wed, 27 Feb 2002, David Ulevitch wrote:

>
> Hello Nanog,
>
>
> Interesting news....
>
>
> http://washington.bizjournals.com/washington/stories/2002/02/25/daily19.html
>
> Cogent Communications Group said Wednesday it will purchase PSINet's
> major U.S. assets, including part of the Ashburn, Va.-based Internet
> infrastructure company's customer base and network, certain equipment
> and three hosting facilities. The companies did not disclose the
> financial terms of the deal, nor would they provide specific details
> as to how much of PSINet's network the Washington-based high-speed
> Internet access provider wants to buy. Cogent (http://www.cogent.com)
> and PSINet (http://www.psinet.com) officials were not immediately
> available for comment. PSINet, which filed for Chapter 11 bankruptcy
> protection with more than $3 billion in debt late last spring, has
> been selling itself piece-meal -- including international assets in
> Latin America, Chile, Canada and Hong Kong -- ever since. Cogent's
> offer to buy part of PSINet's assets is also subject to bankruptcy
> court approval and requires a court-sanctioned auction.
>
>
> Thanks,
>  David Ulevitch                       mailto:davidu at everydns.net
>  Founder, EveryDNS.net                http://www.everydns.net
>
>