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Have you considered leasing instead? Colo quotes are often more expensive than a leased server, which on the face of it defies logic.
I've got a 2 year old 1RU colocated server sitting in a rack where the IP block has been derouted - it is up but it's effectively muted. It doesn't cost me anything to have it there, but moving it to somewhere that is connected (ie another host) is basically pointless, because it's likely to cost more than leasing a newer and better server.
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