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Multinational ISP Offers $206M In Secured Notes Backed By IPv4 Addresses
Saturday May 4, 2024. 11:25 PM , from Slashdot
All internet service providers (ISPs) give IP addresses to their users, but Cogent was among the first to lease those addresses independently of internet access. (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. The notes are expected to be repaid in five years. Thanks to long-time Slashdot reader penciling_in for sharing the article. Read more of this story at Slashdot.
https://tech.slashdot.org/story/24/05/04/2122251/multinational-isp-offers-206m-in-secured-notes-back...
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