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Multinational ISP Offers $206M In Secured Notes Backed By IPv4 Addresses
CircleID reports that Multinational internet service provider Cogent recently announced that it was offering $206 million in secured notes (a corporate bond backed by assets). "The unusual part is what it's using as security: some of its IPv4 addresses and the leases on those IPv4 addresses." All...
CircleID reports that Multinational internet service provider Cogent recently announced that it was offering $206 million in secured notes (a corporate bond backed by assets). (Internet access customers normally require a unique address as part of their service.) Sources are hard to find, but prevailing wisdom is that they have over 10M addresses leased for about $0.30 per month, or $36M per year in revenue.
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