First Qwest buys Allegiance, and then today’s news that Cogent is buying LambdaNet’s Spanish and European operations, and FiberNet Telecom is taking over Gateway Colocation’s communications hub for $3.8 million in stock and $170,000 in cash: looks like the much awaited consolidation in the fiber network arena has begun in earnest. Still, I think too early to tell, but signs are good. Cogent’s purchase gives the company a good foot print in Europe and extends its network footprint into France, Spain, United Kingdom, Belgium, Luxemburg, Netherlands, Portugal and Switzerland.
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