Cogent to acquire the wireline business of T-Mobile.

Cogent, an Internet service provider, agreed to acquire the wireline business of T-Mobile, a telecommunications service provider. Financial terms were not disclosed. For Cogent, acquisition of T-Mobile's wireline business is expected to be an ideal strategic fit with its existing business. The wireline business offers the legacy Sprint US long-haul network that provides an owned network asset to complement and eventually replace Cogent's current leased network and provides the ability to expand its product set, including the sales of optical wave transport services to new and existing customers.