Cogent Communications service revenue up YoY

Cogent Communications Holdings, Inc. (NASDAQ: CCOI) service revenue was USD105.2 million for the three months ended December 31, 2015, an increase of 8.7 percent from USD96.7 million for the three months ended December 31, 2014 and an increase of 2.1 percent from USD103.0 million for the three months ended September 30, 2015, the company said.

Service revenue was USD404.2 million for the year ended December 31, 2015, an increase of 6.4 percent from USD380.0 million for the year ended December 31, 2014.

On-net service is provided to customers located in buildings that are physically connected to Cogent´s network by Cogent facilities. On-net revenue was USD76.5 million for the three months ended December 31, 2015; an increase of 7.3 percent over USD71.3 million for the three months ended December 31, 2014 and an increase of 1.9 percent from USD75.1 million for the three months ended September 30, 2015.

On-net revenue was USD294.8 million for the year ended December 31, 2015; an increase of 4.6 percent over USD281.9 million for the year ended December 31, 2014.

Off-net customers are located in buildings directly connected to Cogent´s network using other carriers´ facilities and services to provide the last mile portion of the link from the customers´ premises to Cogent´s network. Off-net revenue was USD28.4 million for the three months ended December 31, 2015; an increase of 13.0 percent over USD25.1 million for the three months ended December 31, 2014 and an increase of 2.6 percent over USD27.7 million for the three months ended September 30, 2015.

Off-net revenue was USD108.4 million for the year ended December 31, 2015; an increase of 11.9 percent over USD96.8 million for the year ended December 31, 2014.

Cogent Communications is a multinational, Tier 1 facilities-based ISP. It specializes in providing businesses with high speed Internet access, Ethernet transport, and colocation services. Its facilities-based, all-optical IP network backbone provides services in over 190 markets globally. The company is headquartered in Washington, DC.