Cogent communications reports second quarter 2023 results including the sprint wireline business, records a $1.2 billion gain on bargain purchase, records basic earnings per share of $23.84 and increases its regular quarterly dividend on its common stock

Financial and business highlights on may 1, 2023 cogent completed its acquisition of the u.s. long-haul fiber network (including the non-u.s. extensions thereof) of the wireline business of sprint communications and its subsidiaries ("sprint", or the "wireline business") from t-mobile (tmus). cogent approved an increase of $0.01 per share to its regular quarterly dividend for a total of $0.945 per share for q3 2023 as compared to $0.935 per share for q2 2023 – cogent's forty-fourth consecutive quarterly dividend increase.
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