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Let me tell you its not IF cogent will go out of business its WHEN they will go out of business. Cisco right now is doing very badly themselves, so I would count on their decisions to bail you out.
Cogent gets their bandwidth from peering, that is how they are able to get it so cheap. They bought a bunch of ISPs two of which were tier1 so they were able to immediately have all their bandwidth for free. The problem is they went around announcing this to everyone. Basically peering means a company like Verio decides to give you free access to their network. You can send all the data to their customers you want.
But cogent was stupid, they announced this in a large public forum. Already some tier1 providers have guaranteed they are gonna no longer allow cogent to peer with them. Some providers have told cogent they will no longer allow cogent to peer any more bandwidth with them.
This is one of the reasons you see cogent finding any excuse to kill some gige customers. This is one of the problems cogent routes are very slow to some parts of the country. You will constantly getting 300ms pings to certain places on the cogent network.
The biggest problem with cogent is alot of people don't even realize what makes them bad. The "Its fast for me" mentality isn't a good way to decide on a provider. There are plenty of people around the world that can barely load a cogent page.
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