It is not obviouos to the naked eye, but slowly …. actually very slowly the broadband business is going through a consolidation. In past three days, I have come across three companies which have bought rivals. Cogent Communications, which had been flirting with disaster itself, has acquired Aleron Broadband (formerly AGIS Internet). Cogent’s sixth acquisition this year also includes an infusion of cash as part of the transaction. Previous buys include PSINet, NetRail, and AleronThrough the acquisition, Cogent has also received over $18 million in cash to be used for a variety of purposes including network expansion, marketing and sales activities in the U.S. and abroad, and the potential acquisition of additional assets. Ken Peterson of Columbia Ventures Corporation will join Cogent’s board as a result of the transaction. Further details were not disclosed. (Om is investigating, so to speak!) Continue »

