Cogent To Acquire Verio’s T-1 Internet Access Customers

Cogent Communications Group, Inc. (www.cogent.com) and Verio Inc. announced today a joint agreement whereby Cogent will acquire the majority of Verio's T-1 Internet access customers and associated equipment.

The acquired customers are located in 23 markets across the United States already served by Cogent. Cogent serves over 85 markets in 11 countries with Tier 1 Internet service delivered over a 22,000 mile fiber optic backbone and over 8,300 miles of metro fiber.

"By acquiring assets at cents on the dollar, Cogent continues to add a significant number of customers and large amounts of traffic to our network," said Dave Schaeffer, CEO of Cogent Communications.

"Cogent's core competitive advantage lies in the ownership of our IP-only fiber optic network and our steadfast commitment to provide the lowest priced highest quality Internet service in the industry. This model enables Cogent to turn Verio's T1 access customers into a healthy contributor to Cogent's profitability," said Dave Schaeffer, CEO Cogent Communications.

Verio will continue to offer superior quality, high-end Internet access solutions to large network and corporate users, as well as global managed services and hosting solutions. NTT Communications operates its Global Tier 1 IP network in regions including North America, Europe, Asia and Australia.

"Verio and NTT Communications will focus on global hosting, managed services and higher-value Internet access and network solutions to fully leverage the strength of the NTT Communications Global IP Network," said Greg Conley, CEO of Verio.