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CommentsCogent Communications Group, Inc. (www.cogentco.com), a facilities-based provider of low-cost, high speed Internet access and Internet Protocol Communications services, announced today that all shares of its preferred stock have been converted into shares of its common stock, par value $0.001 per share, pursuant to that certain conversion and lock-up letter agreement dated February 9, 2005, entered into by and among the company and certain of its stockholders, a form of which is attached to the company's Form 8-K filed with the Securities and Exchange Commission today. Upon the conversion, the company has approximately 648 million shares of common stock issued and outstanding.
Cogent Communications (AMEX: COI) is a multinational, Tier 1 facilities-based ISP that specializes in providing businesses with high speed Internet access and point-to-point transport services.
Cogent's facilities-based, all-optical IP network backbone spans 11 countries and provides IP services in markets located in North America and Europe.
Since Cogent's inception, Cogent has exploited the benefits that IP technology provides, building one of the largest and highest capacity IP networks in existence.
This network enables Cogent to offer large bandwidth connections at highly competitive prices. Network ownership also enables Cogent to offer superior customer support through the ability to control service delivery and network monitoring end-to-end.
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