Business OverviewĬogent Communications is focused on offering fiber-only internet connectivity to its target markets at the most competitive prices. With the recently announced acquisition of Sprint Wireline, Cogent is poised to benefit from significant cost and revenue synergies, which should accelerate FCF generation and create future optionality for additional capital returns. The company has a unique business model that has allowed it to generate consistent free cash flow and return capital to shareholders through dividends and buybacks. Cogent Communications ( NASDAQ: CCOI) is a leading provider of high-speed internet access and data transport services for businesses.